O'Key plans London listing

Published: October 5, 2010

Russian retailer expects to launch GDR programme in Q4.

O’Key, a Russian food retailer, plans to list on the London Stock Exchange via a global depositary receipt (GDR) programme.

The group will use the money raised to expand its number of hypermarkets and supermarkets in Russia during the coming years, as well as paying down some short-term debt.

The IPO should take place before the end of the year. Goldman Sachs and VTB Capital are joint global coordinators and joint bookrunners.