OAO Nidan Juices, Russia's fourth-largest juice company, is planning to list 49% of its shares on the Russian stock exchange next spring, in a bid to raise US$350m.

However, according to a report from the Russian online news service Kommersant, Nidan may postpone the listing if a number of other Russian food companies are launching IPOs at the same time or the Russian Trading System (RTS) index declines.

Nidan is reported to have engaged Troika Dialog and Deutsche Bank AG to manage the offering.

Some analysts have suggested that Nidan has opted for an IPO following the failure of its owners to sell the company to PepsiCo which is now rumoured to be in talks to acquire Nidan's competitor Lebedyansky.