date:Mar 07, 2014
The stock valuation of German hypermarket chain Metro has taken a heavy hit over the past week, and the retailer's plans to launch an initial-public-offering of its Russian unit has been thrown into doubt due to the fallout of the current situation in Ukraine.
Over the weekend, Metro shares fell by over 5% in early trading on the German mid-cap stock exchange to 28.50.
Metro had hope to raise around 1 billion by selling 25% of its stake in its Russia cash-and-carry unit in a London listing bu