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Tuesday, 22.05.2012
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Tuesday, 22.05.2012|
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News
The retail net “Copeck” could become public
07.06.2010
Two sources, close to the banks said that “Copeck” could sell about 30 % of its shares at a stock exchange; the organizers of placing are “Uralsib” and Morgan Stanley.
They speak that the transaction was planned for autumn of this year. “Vedomosti” reports that according to the interlocutors’ words the exact package is not defined yet. The papers are planned to place both on Russian and on the international platforms; they confirm that the concrete foreign stock exchanges are not chosen yet.
“Copeck” did not publish the reporting on IFRS for 2009. The source close to one of future organizers of IPO asserts that the gain for 2009 was about 55 billion rub. There is the information at the site that the net unites 591 shops almost in 200 cities of Russia. The company does not name the volume of the areas that are in its property. The general director of “Copeck” Sergey Solodov said in the end of 2008 that the retailer sold 19 shops CUIF “Uralsib-rent” with the subsequent rent. The pure debt was 8,45 billion rub in 2008, the debt parity to EBITDA was 3,8. According to the forecast resulted in the report for 2008, the debt should be 8,5 billion rub at the end of 2009 and its parity to EBITDA should be reduced to 2,3.
The acquaintance of Tsvetkov speaks that the shareholder of “Copeck” thinks of business sale at least half a year. The interlocutor explains that it is not profile business for Mr. Tsvetkov. Now, as he said, “Copeck” could be sold profitable, but not so good, as before the crisis”. The top-manager of the net-competitor said that the negotiations were conducted with X5 Retail Group and American Wal-Mart.
The source close to one of the organizers said that “Copeck” considers both placing possibility and sale possibility — a question is what would be more favorable.
“Copeck” did not publish the reporting on IFRS for 2009. The source close to one of future organizers of IPO asserts that the gain for 2009 was about 55 billion rub. There is the information at the site that the net unites 591 shops almost in 200 cities of Russia. The company does not name the volume of the areas that are in its property. The general director of “Copeck” Sergey Solodov said in the end of 2008 that the retailer sold 19 shops CUIF “Uralsib-rent” with the subsequent rent. The pure debt was 8,45 billion rub in 2008, the debt parity to EBITDA was 3,8. According to the forecast resulted in the report for 2008, the debt should be 8,5 billion rub at the end of 2009 and its parity to EBITDA should be reduced to 2,3.
The acquaintance of Tsvetkov speaks that the shareholder of “Copeck” thinks of business sale at least half a year. The interlocutor explains that it is not profile business for Mr. Tsvetkov. Now, as he said, “Copeck” could be sold profitable, but not so good, as before the crisis”. The top-manager of the net-competitor said that the negotiations were conducted with X5 Retail Group and American Wal-Mart.
The source close to one of the organizers said that “Copeck” considers both placing possibility and sale possibility — a question is what would be more favorable.
Authors: Julia Schmidt, Tatyana Voronova
Source: “Vedomosti”.
