Visits to the UK and Hong Kong stock exchanges will follow in the near future. Ulmart officials already visited the Moscow stock exchange in November 2014.
Despite a slowing economy and a tense geo-political situation, a comfort zone has returned and many investors are buying into Russian stocks because of their deflated prices and thanks to a fairly stable macro-economic situation in comparison to many members of the European Union.
The offering, which could raise as much as USD 1.5 billion, will be a primary one as Ulmart plans to expand its three-tiered fulfillment center infrastructure by an additional 1 million square meters.
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