Carrefour and Wal-Mart, along with investment fund TPG Capital, are in a bid to control the Russian supermarket chain Lenta. The two supermarket heavyweights share the shortlist with Finnish chain Kesko and the Agrokor Group. The privately-owned St. Petersburg-based chain was founded in 1993 and stock food and non-food items.
One more month is being allowed to inspect the company’s financial status and make a definitive final offer. The Lenta chain is said to be worth 2.6 billion, with 500 million in debt. The size of the stake that is on offer is 89%. Lenta will probably sell after a buyer and price have been identified.
Carrefour is opening its first Russian store in Moscow in late May this year, with another hypermarket planned in the Black Sea port of Krasnodar. Rivals Kesko bought a DIY store in St. Petersburg in 2004.
Germany’s Metro chain is also another contender for the 89% stake in Lenta. The Russian chain has 31 hypermarkets, fourteen of which are in St. Petersburg.
Fonte: www.internationalsupermarketnews.com
One more month is being allowed to inspect the company’s financial status and make a definitive final offer. The Lenta chain is said to be worth 2.6 billion, with 500 million in debt. The size of the stake that is on offer is 89%. Lenta will probably sell after a buyer and price have been identified.
Carrefour is opening its first Russian store in Moscow in late May this year, with another hypermarket planned in the Black Sea port of Krasnodar. Rivals Kesko bought a DIY store in St. Petersburg in 2004.
Germany’s Metro chain is also another contender for the 89% stake in Lenta. The Russian chain has 31 hypermarkets, fourteen of which are in St. Petersburg.
Fonte: www.internationalsupermarketnews.com
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