Topics: Business & Finance

Russian Mobilephone Retailer Seeks PE Instead of IPO

Russian Mobilephone Retailer Seeks PE Instead of IPO

This week, Dennis Ludkovsky, chief executive of a leading mobile phone retailer in Russia, Svyaznoy told IFR that he is looking for a private equity buyer rather than going ahead with IPO plans. The Russian entrepreneur plans to sell up to thirty percent of the company in a PE buyout. Svyaznoy sells mobile phones and provides banking services in 776 [...]