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Russia’s Top Car Dealer Shrugs Off Fraud Case, Considers IPO

  • CEO says Rolf may sell shares amid ongoing legal dispute
  • Rolf had $175 million frozen in case linked to former owner
Svetlana Vinogradova
Svetlana VinogradovaPhotographer: Elena Chernyshova/Bloomberg

Russia’s biggest car dealership is considering an initial public offering next year even as a Moscow region court froze its assets worth 12.85 billion rubles ($175 million) related to a criminal case against its former owner. 

The court order, which Rolf is contesting, won’t affect plans for a possible share sale in the second half of 2022, Chief Executive Officer Svetlana Vinogradova said in an interview.