MOSCOW, Feb 28 (PRIME) -- Russian retailer VkusVill can be ready for an initial public offering (IPO) in 18 months to two years, Konstantin Povstyanoi, partner of co-investor Baring Vostok said at a conference on Thursday.
“We are a financial investor, so when we enter (a company) we discuss plans of quitting it with our partners. Besides, we are not talking about exact steps, do not say that we will do this and that in two years. We still have the time. We understand that the company will be big enough to float in one and a half– two years,” Povstyanoi said.
Baring Vostok, which owns 12.16% in VkusVill, is also considering selling a stake to a strategic investor, he said.
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