Equity Analysis /
Russia

Lenta Ltd: Billa Russia acquisition – NEUTRAL-TO-POSITIVE

  • Lenta announced an agreement to acquire Billa Russia GmbH (“Billa Russia”) for EUR215mn (c.RUB19.4bn) in cash

  • Lenta agreed to acquire the supermarket business of Billa Russia, managing 161 stores,for EUR215mn (c.RUB19.4bn) in cash

  • Deal rationale: quick expansion in supermarket format in lucrative Moscow region

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
19 May 2021
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