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WAL-MART reopens talks to buy Russian retailer Lenta
April 6, 2009 |
Planet Retail 6 Apr 2009
US retailer Wal-Mart has reopened talks to buy Russian hypermarket chain Lenta, the local press reported. Wal-Mart reportedly wants to buy a controlling stake in the retailer and has spoken to shareholders Oleg Zherebtsov, the European Bank for Reconstruction and Development and Loren Bough, who own 35%, 11% and 6% respectively. In February Zherebtsov began looking for a buyer for his stake.
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