November 30 2007, 14:25

"Velyka Kyshenya" is getting ready to IPO

The owner of "Velyka Kyshenya" chain announces the company's plans to hold an IPO. The international public offering is needed to finance the plans of the chain extension, its modernization and new equipment installation.

"After IPO 25-30% o shares will be in public float. The volume of the inward investments should amount to $200-250 mln.", Roman Lunin plans.

Roman Lunin informed Correspondent magazine that IPO is the most inexpensive method of fund raising, to the contrary to loans and other tools.

The entrepreneur considers the retail market to be not formed yet in Ukraine; however, he expects a number of mergers and takeovers to take place soon which will lead to consolidation of the main players and their shares on market.

We'd like to remind that "Velyka Kyshenya" started the production of private lable products "Hit Product" in September.

In October the company purchased Moldovan supermarket chain Green Hills Market.

"Velyka Kyshenya" is one of the leaders of Ukrainian retail market. The company has already confirmed its participation in the wholesale-retail center which will be organized in the framework of the fourth international conference "Fruits and Vegetables of Ukraine 2007. Meeting New Leader". The representatives of "Velyka Kyshenya" invite for negotiations the potential suppliers of fruits and vegetables.

We'd like to remind that the participation in the wholesale-retail center will be free of charge for all producers and suppliers - the conference participants. You can register for participation by filling in this online application form.