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.
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).
All Cash Offer by Severgroup LLC for Lenta Ltd.
Follow the link below to download All Cash Offer by Severgroup LLC for Lenta Ltd.
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.
Severgroup holds a conference call for investors and analysts
Severgroup LLC holds a conference call for investors and analysts on the definitive agreements for the purchase of 42% of Lenta Ltd. (LSE, MOEX: LNTA) («Lenta», «Company»).
Severgroup agrees to acquire 42% stake in Lenta Ltd.
Severgroup LLC («Severgroup»), a private investment company managing assets of Alexey Mordashov, announces today that it has entered into definitive agreements with Luna Inc. (an investment vehicle beneficially owned by the TPG group) and the European Bank for Reconstruction and Development («EBRD») for the purchase by Severgroup of Luna Inc.’s and EBRD’s holdings of GDRs in Lenta Ltd. (LSE, MOEX: LNTA) («Lenta», «Company»), one of the largest grocery retail chains in Russia, amounting to approximately 41.9% of Lenta’s share capital (excluding treasury shares) at $3.60 per GDR ($18 per share) for a total cash consideration of approximately US$729 million
TUI Russia and CIS appoints Taras Demura as Chief Executive Officer
TUI Russia and CIS announces the appointment of Taras Demura as Chief Executive Officer of the company.