Russian restaurant chain Rosinter denies plans for $100 MLN IPO

Published time: 21 Feb, 2007 07:23 Edited time: 21 Feb, 2007 10:23

Russian restaurant chain Rosinter is denying media reports it's planning a $100 MLN plus IPO this May. The company earned more than $200 MLN dollars last year from hundreds of restaurants it runs in Russia and the CIS.

Rosinter's core operations include TGI Friday's, Il Patio and Planet Sushi.
Rosinter's spokeswoman said it's exploring all funding options to capitalise on Russia's booming dining sector – valued at $15 BLN.