Alexander MamutRSS

Euroset to float on LSE

Russia's answer to Carphone Warehouse is set to float on the LSE

Russian mobile phone retailer, Euroset, which claims to sell three out of every ten phones in Russia, is to launch on the London Stock Exchange. The fundraising target is said to be in excess of £620m, putting a value of between £1.8bn and £3.1bn on the company, which operates over 4300 shops in Russia.