Burger Rus, the Russian operation of the Burger King fast-food chain, could hold an initial public supply (IPO) at the Moscow Exchange this year, Reuters pronounced, bringing up unnamed banking sources. Reportedly, VTB Capital will organize the IPO collectively with Morgan Stanley and JP Morgan.
While not a single IPO or secondary public offering (SPO) became seen in 2018, because of this, several businesses have introduced deals. Polyus Gold raised $390 million from placement, and rail operator RusTransCom submitted plans for an IPO.
Fast meals became the quickest-developing section of the Russian catering marketplace in 2018, increasing by thirteen percent 12 months-on-year to—fifty-two trillion rubles ($23.8 billion) and taking nearly 50 percent of the market. The rapid-food phase is growing quickest in Russia’s far-flung regions due to clients’ lower earnings. Analysts surveyed with the aid of the Vedomosti day by day believe that Burger Rus is an attractive asset, however possibly too small for an IPO, with expected revenues of little over 50 billion rubles ($784million) in 2019 and a valuation of 34 billion-37 billion rubles. However, the catering market is underrepresented in the equity marketplace, which could improve investor interest.
The franchisee of Burger King in Russia is one hundred percent owned via Cyprus-based Burger King Russia, managed by VTB Capital — which received forty-eight. Eight percent stake in 2012 for $50 million — Homeric Holding — which controls 20 percent and is reportedly affiliated with Ukrainian bankers Makar Pasenyuk and Konstantin Stetsenko. The chain operates 550 Burger King eating places in Russia.
