Dixy Group chief executive Ilya Yakubson has revealed plans for a secondary public offering of $300m (£185m) in the second half of 2013. He added that Dixy plans to open 250 to 300 new stores this year.

Dixy Group’s revenue in the first quarter grew by 93.1% to RUB34.7bn (£727m) thanks to the acquisition of Victoria Group in June 2011.

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