OREANDA-NEWS. August 24, 2010.  Major Russian retailer, Kopeika, is pressing on with preparation for an IPO and is at the same time in talks over the sale of business to X5 Retail Group, which is currently awaiting authorization for the deal from the FAS, and global retail giant, Wal-Mart, spokespersons in financial circles and a source affiliated with the company reported.

Deutsche Bank, Morgan Stanley and Uralsib Capital were hired as IPO arrangers, AGM minutes, published late August 23, say. If the decision to hold an IPO is adopted, Kopeika is to offer the open market up to 40% of its share capital. “We are pursuing three main courses: an IPO and a sale of business to either X5 or Wal-Mart”, a source affiliated with the company said.