Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa


Lenta's SPO
March 28, 2015 13:40


(Source: http://delovoe.tv/event)

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:

Football Bulletin: Dynamo Moscow's Financial Troubles En+ Group is Preparing to Sell 100 Million MW of Electricity to Miners Tinkoff Mobile Was Launched Reconstruction In the Moscow Zoo The Russian Industrial Zone In Egypt can Start Its Work In December 2018









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Russian regions  Russian Cinema  Moscow events  Russian vodka  Russian winter  Russian Internet  Chelyabinsk  International Asteroid Day  St. Petersburg  ecology  Bolshoi Theatre  Russian Internet users  Exhibitions in Moscow  the Urals region  Russian tourism  Moscow  Grigory Yavlinsky  Archaeology  Peter Gabriel  Krasnodar  multi-storeyed building  Russian music  Russian Romance Song  ROSCOSMOS  Harry Potter  Architecture  Russian space industry  Leo Tolstoy  Blondie  Romanovs  Kolomenskoye  Saint Petersburg  Russian business  Philharmonic Concerts  Mercedes-Benz Fashion Week Russia  Russian politicians  Nikolay Emanuel  insurance  Russian real estate developers  Abstract Art  Mascots  Festivals in Moscow  National Card Payment System  St. Petersburg sights  environment  Pussy Riot  travel to Russia  New Films  Shantar islands  Elections 2012 


Travel Blogs
Top Traveling Sites