Overview
- Lenta announced the purchase on January 13 in a company statement reported by RIA Novosti.
- The deal covers 25 DIY-format hypermarkets with a combined gross trading area of about 263,000 square meters.
- Russia’s Federal Antimonopoly Service has approved the acquisition, according to Lenta.
- The company did not disclose the price, expected closing date, or operational integration plans.
- The acquisition expands Lenta’s store footprint and adds a large-scale home-improvement format to its portfolio.