X5 Retail, one of Russia’s leading food retailers, has launched a London offering of global depository receipts aimed at raising $1bn to fund the acquisition of the Karusel hypermarket chain. The retailer plans to raise just more than $1bn during the coming weeks, by issuing 48m new GDRs, which will each represent 0.25 of an ordinary share.

This entry was posted by Gwen Robinson on Wednesday, April 23rd, 2008 at 5:30 and is filed under Capital markets. Tagged with Karusel, X5 Retail. Edit this entry.