date:Mar 07, 2014
t due to Russia's involvement in the political chaos surrounding Ukraine, details of the group's plans aren't currently clear.
A Metro spokesperson said it would monitor the situation in Ukraine closely because market conditions need to be favourable in order to launch an IPO.
Metro planned to use the proceeds from the IPO to expand its cash-and-carry business in Russia, its most profitable unit and the country's fourth-biggest retailer behind X5 (PJPq.L), Magnit (MGNTq.L) and French chain Auc