“The deal is proposed to be done before end of February but there is no decision yet,” one source close to the deal said. Another source also said the deal was planned for February.
Lenta declined to comment.
Last year, sources familiar with the situation told Reuters Lenta had picked JP Morgan, Credit Suisse, UBS , Deutsche Bank and VTB for a possible London stock market debut that could raise at least $1 billion.
Oksana Kobzeva is a reporter for Reuters News in Moscow