Lenta appoints Vladimir Sorokin as its new Chief Executive Officer
Lenta (LSE and MOEX: LNTA), one of Russia’s leading food retailers, announces the appointment of Vladimir Sorokin as its new CEO, replacing Herman Tinga. The appointment of Mr. Sorokin as the new CEO is effective as of September 3rd, 2020. He will also replace Herman Tinga on the Board of Directors of Lenta. Herman Tinga will continue to work with Lenta as a consultant.
RDIF, Mubadala and Sveza agree key terms for construction of pulp mill
The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund and Mubadala Investment Company, UAE’s sovereign wealth fund, announce that they reached an agreement on the key terms for the joint investment in a pulp mill construction project with Sveza, one of Russia’s market-leading woodworking companies (asset of Severgroup investment company).
Closing of Cash Offer by Severgroup LLC for Lenta Ltd. (the Offer)
We refer to the announcement of the Offer published on 16 May 2019. In accordance with the terms of the Offer Document, Severgroup LLC («Severgroup»), a private investment company managing assets of Alexey Mordashov, announces that the Offer to the Lenta Ltd.’s shareholders/GDR-holders closed at 1.00 p.m. (London time) on 4 June 2019, and ceased to be capable of further acceptances.
Danny Perekalsky appointed CEO of Utkonos
Severgroup announces that Maksim Bakhtin will step down as CEO of online-hypermarket Utkonos to take-up another position within the Severgroup structure. Danny Perekalsky will be appointed Chief Executive Officer in mid-June, once all formal procedures have been completed.
Update on the Cash Offer by Severgroup for Lenta Ltd. Severgroup reaches 50%
We refer to our press-release published on 30 April 2019. Severgroup LLC («Severgroup»), a private investment company managing assets of Alexey Mordashov, announces that Severgroup has received valid acceptances under the Offer in respect of Lenta Securities which, when aggregated with the other Lenta Securities in which Severgroup has an interest (including the Lenta GDRs purchased from TPG and EBRD, but excluding treasury shares), carry in aggregate more than 50 per cent. of Lenta’s voting rights and that, as a result, the Offer is being extended and will remain open until 1.00 p.m. (London time) on 4 June 2019 (being the 14th day after the First Closing Date).
Severgroup announces completion of acquisition of 42% stake in Lenta Ltd. and launches of mandatory tender offer to Lenta shareholders
Severgroup LLC («Severgroup»), a private investment company managing assets of Alexey Mordashov, announces completion of acquisition of approximately 41.9% of Lenta Ltd. (LSE, MOEX: LNTA) («Lenta», «Company») share capital (excluding treasury shares) from Luna Inc. (an investment vehicle beneficially owned by the TPG group) and the European Bank for Reconstruction and Development («EBRD») at $3.60 per GDR ($18 per share) for a total cash consideration of approximately US$729 million.
All Cash Offer by Severgroup LLC for Lenta Ltd.
Follow the link below to download All Cash Offer by Severgroup LLC for Lenta Ltd.