Network of alcoholic shops "Red and white" intends to hold until the end of this year, an IPO on the Moscow Stock Exchange and to attract through this more than one billion dollars, writes Reuters.

According to media reports, Bank of America, JP Morgan, Sberbank and VTB will participate in the deal.

The retailer expects to go on the stock exchange at an estimate of $20 billion, the agency specified.

The Alkomarkets chain was founded in 2006 by Sergey Studennikov, a Chelyabinsk businessman. The management company is Mercury Retail.

Made in Russia // Made in Russia

Author: Ksenia Gustova