Stock market quotes, forex, financial news, forex tools –

Severgroup completed a deal with Lenta’s main shareholders

 Breaking News
  • Microsoft, Amazon and eBay are at record highs On Tuesday, securities of Microsoft Corp, Inc and eBay Inc broke records. The rush of investors’ demand for the shares of those companies involved in electronic commerce caused such...
  • Quarantine in Hong Kong is not for everyone Hong Kong is rescuing its stock exchange. In order to give life to the trading platform, the administration of the metropolis has shown flexibility concerning quarantine measures. So, Christopher Hui...
  • Economy of Japan demonstrates recession In the first quarter of this year, the economy of the Land of the Rising Sun dropped by 0.6% in monthly terms. The figures are not optimistic but are better...
  • Energy market news On Saturday, representatives of the countries included in the OPEC+ cartel managed to agree on the extension of the restrictions on oil production. It also became known that those countries...
  • Bentley fires employees in order to prevent losses in 2020 The Bentley brand has long been synonymous with luxury living. Unfortunately, the British automaker has to save because of a forced two-month break. The company’s CEO Adrian Hallmark said to...
Severgroup completed a deal with Lenta’s main shareholders
April 30
09:00 2019

TPG and EBRD companies, the main Lenta’s shareholders, have completed the transaction with the company Severgroup. The buyout of the remaining shares occurred through the offer.

Severgroup has announced that the draft proposal will be available today.

The arrangements on the acquisition of shares from major holders were formed on April 1. The parties made an agreement on obligations.

The FAS gave the permission for the deal last week. This was stated separately by the parties.

Lenta is the largest hypermarket net in the country and occupies a leading position in terms of revenue. As of the end of last month, it included 375 stores, 2⁄3 of which were hypermarkets.

Among the minority shareholders there were those who considered that Severgroup had proposed a very low price. “Prosperity”, which owns 7% of  Lenta, is among them. If we take into account the offer price, the net of hypermarket is estimated at $ 1.75 billion.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment