Lenta to Acquire Utkonos to Become One of Russia’s Leading E-grocery Platforms

Lenta IPJSC (LSE: LNTA, MOEX: LNTA and LENT), one of the largest multi-format retail chains in Russia, today announces an agreement to acquire online-retailer Utkonos to create a leading e-grocery platform covering all key shopping missions and market segments. The sale is structured as the purchase of the entire participation interest of LLC “Noviy Impuls-50” from Severgroup LLC (in such capacity, the “Seller”). The base purchase price for the transaction is RUB 20 billion, which will be financed by an additional issuance of Lenta’s shares to be placed by closed subscription to Severgroup, in which other shareholders may participate by exercising preemptive rights to acquire additional shares, with Severgroup committing to pay into the share capital of Lenta IPJSC the amount of RUB 20 billion.    

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.