Lenta (retail)

Lenta is one of Russia's largest wholesale and retail chains ( in terms of revenues currently ranked 3 by Metro and Auchan ). It operates 77 Cash & Carry stores in 45 cities and ten hypermarkets in Moscow and employs 23,000 people (as of end of 2013 ). The head office is located in St. Petersburg, the parent company, however, is registered for tax reasons in the British Virgin Islands. Director General and CEO of the Dutchman Jan Dunning.

History

Lenta was founded in St. Petersburg in 1993 by Oleg Zherebtsov and 1994 registered as a trademark. The first hypermarket he opened in 1999.

In 2007, the European Bank for Reconstruction and Development acquired for 125 million dollars a minority stake (11%) in the company, after they had previously repeatedly lend. The U.S. private investor August Meyer held 36.4 %.

After sales negotiations with the American retail giant Wal- Mart failed, took over in the fall of 2009, the also American financial investor Texas Pacific Group, together with the Russian state-controlled bank VTB 's 35 % share of the founder, of the TPG the greater part, VTB 10%. In September 2010, there were massive disputes between them and Meyer over the ownership and management, which in a two-time violent occupation of the administration, setting up a counter - CEO and real reconquest by the set of TPG CEO Dunning using bodyguards, tear gas and smoke bombs culminated. In order to clarify the balance of power in the company and thus avoid further clashes acquired TPG, VTB and the European Bank for Reconstruction and Development 2011, the proportion of Meyers now 44% for $ 1.14 billion.

In 2012, the turnover was equivalent to 2.7 billion euros. Net income in 2013 was equivalent to about 150 million euros, compared to the previous year, a growth of 38%.

The end of 2013 a 65% stake in the company from financial investors were held, of which the vast majority ( over 57 %) of the TPG, about 7.8 % of the VTB. About 20 % is held by the European Bank for Reconstruction and Development. In February 2014 Lenta went to the London Stock Exchange, TPG, VTB and European Development Bank have announced plans to sell shares.

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