The owner of “Red & White” changed his mind about going public
Owner of “Red & amp; White “postponed the IPO due to market conditions Mercury Retail Holding changed its mind about going public, postponing the IPO ) due to the prevailing market conditions, writes TASS with reference to the message of the holding. The IPO was supposed to take place on November 10 and become the largest on the Moscow Exchange since 2013. Mercury Retail Holding PLC is the largest seller of alcohol in Russia. The company was formed in 2019 as a result of the merger of the Dixy grocery chain and the Krasnoe & Beloe and Bristol alcohol stores. In July 2021, the Magnit retail chain acquired Dixy for 86.7 billion rubles. Now the holding owns Krasny & Bely and Bristol. The company planned to raise up to $ 1.3 billion for the IPO. In early November, the chairman of the board of Mercury Retail, Igor Kesaev, said that