TPG leaves Russian retail with a whimper dasha_reuters
Russian steel magnate Alexey Mordashov is to buy a 41.9 percent stake in Lenta from TPG Group and the European Bank for Reconstruction and Development, the Russian food retailer said late on April 1. The offer prices each share at $18.
Mordashov’s Severgroup intends to make a cash offer, as per Russian regulations, to acquire all of Lenta’s shares and global depository receipts, each of which represents 0.2 shares.
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