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Obuv Rossii GC to be IPO
01.11.2013 2402

Obuv Rossii GC to be IPO

This is the first public offering of shares in the Russian shoe retail sector. Anton Titov, CEO and shareholder of the company, noted: “Our business is growing successfully from year to year, which has allowed us to achieve leadership positions in the mid-price segment of the Russian footwear retail market. We intend to further increase the volume of the company's business, developing our own retail network, investing in brands, improving the assortment and providing new services to customers. Entering the stock market is a logical step in the implementation of the company's financial strategy - over the past few years, we have been consistently implementing, first a promissory note, then a bond program. As a result of the deal announced today, not only will the first public shoe retailer in Russia appear, but the company will also move to a new level of corporate governance and business transparency. As a public company, Obuv Rossii intends to comply with advanced international standards and provide high returns for its shareholders. "

Obuv Rossii OJSC announced its intention to conduct an IPO on the Moscow Exchange. Thus, the company plans to raise about 1,5-2,0 billion rubles by placing up to 25% of the current charter ...
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