Russian mobile phone retailer Euroset is considering scaling back its flotation plans. The group originally aimed to raise up to USD1.3 billion from investors through a combination of new shares and stock sold principally by Russian billionaire Alexander Mamut, who owns 50.1% of the firm.
However, bankers yesterday described the bookbuilding process as «challenging» and some think that a much scaled-down plan might be unveiled today, if the float goes ahead at all.
