Marathon Group, a diversified investment company, exits the retailer Fix Price and sells 2.98% of the remaining securities.
The sale is being arranged by VTB Capital. Through Samonico Holdings 25.36 million GDR (global depositary receipts) were put up for sale. The market price of such package, based on Monday's closing price ($8.5, down 2.5% for the day) is about $215 million.
Fix Price is a chain of fixed-price stores. In March 2021, the company held IPO in Moscow and London. IPO of Fix Price became the largest in the history of Russian retail. The value of the initial public offering is estimated at $9.75 per share.
The selling shareholders were company founders Sergey Lomakin and Artem Khachatryan, as well as Marathon and GLQ International (owned by Goldman Sachs). Prior to the IPO. Marathon controlled 9.9%.
The capital of Fix Price is divided into 850 million shares. One share equals one GDR.
Made in Russia / Made in Russia
Author: Maria Buzanakova