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Russia’s Biggest Alcohol Retailer Said to Pick Banks for IPO

  • Owner of Krasnoe & Beloe and Bristol may sell shares this year
  • Bank of America, JPMorgan, VTB are among lenders on the deal
    
Photographer: Alexander Zemlianichenko Jr./Bloomberg

Mercury Retail, which controls Russia’s biggest chain of alcohol retailers, selected banks for an initial public offering planned for this year or early 2022.

The holding, which owns the Krasnoe & Beloe and Bristol discounters, has held preliminary meetings with investors, according to people familiar with the situation, who asked not to be identified because the information is not public. Mercury picked banks including JPMorgan, Bank of America Merrill Lynch, VTB, Sberbank and Renaissance Capital for the deal, they said.