News

10/15
2019
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).
06/04
2019
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.
05/27
2019
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.
05/16
2019
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).
04/30
2019
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.
04/30
2019
All Cash Offer by Severgroup LLC for Lenta Ltd.
Follow the link below to download All Cash Offer by Severgroup LLC for Lenta Ltd.
04/30
2019
The making of the Cash Offer by Severgroup to acquire securities of Lenta Ltd.
We refer to our press-release published on 2 April 2019. Severgroup LLC («Severgroup»), a private investment company managing assets of Alexey Mordashov, announces that Severgroup is proceeding with completion of the purchase of Luna Inc.’s and European Bank for Reconstruction and Development’s Lenta GDRs and, consequently, the pre-condition to the making of the cash offer by Severgroup to acquire all of the issued and to be issued shares and GDRs of Lenta Ltd. (LSE, MOEX: LNTA) (excluding treasury shares) (the «Offer») has been satisfied. Accordingly, the Offer Document is being made available to Lenta shareholders and Lenta GDR holders today.
04/21
2019
Severgroup announces FAS approval relating to acquisition of secutities of Lenta Ltd.
Severgroup LLC announces today that in connection with the previously-announced agreements under which Severgroup is to acquire approximately 41.9% of Lenta’s issued and outstanding voting shares (excluding treasury shares) from Luna Inc. (the investment vehicle of the TPG Group) and the European Bank for Reconstruction and Development (the «Agreements») the Russian Federal Antimonopoly Service (FAS) has issued its approval dated 24 April 2019 with respect to consummation of the transactions contemplated by the Agreements.