Belarus’ Eurotorg Postpones London Stock Exchange IPO
Belarus’ largest retail operator, Eurotorg, has announced the postponement of its planned IPO on the London Stock Exchange, citing ‘current market conditions’.
The group, which operates the Euroopt retail banner, said that despite ‘significant interest’ from investors, Eurotorg has ‘decided to pursue its IPO when capital markets' conditions become more favourable for emerging markets’.
Eurotorg, which holds around 19% of the retail market in Belarus, announced its intention to float on the London Stock Exchange at the start of October.
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