By Andrei Skvarsky. Mercury Retail, Russia’s third-largest food retailer, expects to raise between $1.2bn and $1.3bn via a planned initial public offering. BofA Securities, J.P. Morgan, Sberbank, VTB, Gazprombank and Renaissance Capital are organising the float, to take place on Moscow Exchange and involve offering up to 200m global depositary receipts (GDRs) each of which… Continue Reading