Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Lenta's SPO
March 28, 2015 13:40


The “Lenta” network has made a secondary public offering (SPO) and attracted $ 225 million within its frame, according to the statement of the retailer posted on the website of the London Stock Exchange (LSE).

The company has placed more than 35 million new shares in the form of global depository receipts (GDR) at a price of 6.4 dollars each. The organizers of the placement were Credit Suisse, JP Morgan and “VTB Capital”.

GDR trade on the London Stock Exchange is to begin on March 27. According to TASS referring to the sources, the cornerstone investor is the Russian Direct Investment Fund (RDIF) which helped to attract funds from the Middle East, Asia and the West. According to the CEO of “Lenta” Jan Dunning, the funds received during the placement “give more flexibility” for opening new stores in 2015.

The plans of “Lenta” until the end of this year include opening at least 25 hypermarkets and 10-15 supermarkets, in this connection the planned volume of capital expenditures for the year has increased from 5 to 30 billion roubles. The retail network “Lenta” is a major Russian retailer, it unites more than 130 stores. The company’s net income in 2014 amounted to 9.1 billion roubles, revenues – to 194 billion roubles.

The main shareholders are TPG Capital owning 38.5 percent of all shares, the European Bank for Reconstruction and Development (16.6 percent) and VTB Capital Private Equity (6,3 percent), and about 29 percent of the shares are in free circulation.

Author: Anna Dorozhkina

Tags: Lenta     

Next Previous

You might also find interesting:

Top 10 Off-Road Cars Made in Russia The Ex-colonel's Case Terror threat is still relevant in Russia Economic And Geopolitical Consequences Of the US Elections Russia and Ireland are 35 years together

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Historical Exhibitions  Konstantin Melnikov  Broadcasting Station In Samara  Kamchatka  Photo Exhibitions  travel to Russia  Southern Ring  Times Higher Education  incident  Fashion Futurum  Olympics 2014  Quinto Martini  Censorship  Fairs in Moscow  Ivan Pavlov  Parliament in Action  Unusual Monuments  Northern Equator  Russian tourism  Krasnoyarsk  Exhibitions in Moscow  Russian women  Alex Ovechkin  Garik Sukachev  Russian Cinema  Russian cuisine  Film Festivals  Moscow weekends  Richard Clayderman  Arno Rafael Minkkinen  St. Petersburg  Science  Mickey Mouse  Sergey Magnitsky  Moscow  nerural reserves  Valery Gergiev  Mercedes-Benz Fashion Week Russia  LGBT in Russia  Russian regions  Russian business  Joy Division  Beard  Astrakhan  Moscow events  Russian oil  Kemerovo Region  biology  Solzhenitsyn  Festivals in Moscow 

Travel Blogs
Top Traveling Sites