Azbuka Vkusa names the parameters of the IPO on the Moscow Exchange – RBK

by time news

Earlier, at the end of 2020, Sologub said in an interview with Forbes that the company was thinking about holding an IPO, but did not see the expediency of going public at that time. Non-public status, according to Sologub, allows the implementation of ideas that have a “long strategic focus”, and “when a company is burdened with investors who demand immediate profits, it often complicates the work.”

In the summer of 2021, the media featured information about Yandex’s interest in buying Azbuka Vkusa. Information about such negotiations was confirmed by the sources of RBC, but subsequently the deal did not take place.

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Sologub calls the discussion of the possibility of this deal “rumors”, which preceded the strategic partnership of the companies on express delivery. At the same time, he noted that in the structure of the owners of Azbuka Vkusa there are funds for which the issue of monetizing the company is relevant as for institutional investors: “By definition, for them, this is a portfolio investment that should play”. The founders of the chain, according to Sologub, do not plan to sell the business completely. “For them, this company is a kind of meaning of life, no matter how strange it may sound in our soulless world,” he says.

Azbuka Vkusa, which develops a premium chain of supermarkets of the same name, was founded in 1992. Today, the company has 173 stores in Moscow, the Moscow Region and St. Petersburg, of which 105 supermarkets under the Azbuka Vkusa brand (on average 18 thousand items), five large-format supermarkets of the same name (23.5 thousand items), 60 mini-markets AB Daily ”and three specialized“ AV Enoteca ”. The total retail area of ​​the retailer’s stores in 2020 amounted to 99.5 thousand square meters. m.

The company’s revenue in 2020 increased by 14.4% year-on-year and amounted to 74.8 billion rubles, EBITDA – 4.4 billion rubles. The retailer is owned by the founders Maxim Koshcheenko and Oleg Lytkin (total share – 42.5% of the company), 41.1% – by the Invest AG funds of Alexander Abramov and Alexander Frolov and Millhouse by Roman Abramovich, another 12% – by the Cyprus VMHY and 4.4% – from the company’s management.

Who else from retailers is preparing an IPO

In September 2021, it became known that the Vkusville trading network plans to enter the exchange – this decision was announced by its founder Andrey Krivenko. The retailer confirmed its intention to place shares on the Moscow Stock Exchange and in New York on the NASDAQ stock exchange in the parent company’s securities issue prospectus. The company did not disclose the terms of the transaction and its volume, but the document said that the main owner of the parent company of the chain during the IPO could sell up to 20 million shares of the retailer (10% of the existing capital). But in November 2021, Krivenko said in an interview with RBC that Vkusville could refuse from the IPO in favor of a strategic investor.

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