Retailer Lenta is negotiating with the Finnish company Kesko about purchase of the Russian unit in the area of food trade, reports the company. Accurate details were not disclosed, as the parties have only begun preliminary talks. The talks confirmed by Kesko. In the Russian Federation Kesko manages 11 stores operating in the Northern capital and Leningrad region under the brand K-Ruoka. However, while the company has not reached final agreement on a potential deal, said gursesintour.com therefore “there is no certainty that the discussions will lead to a deal.”
Recall that Kesko started to look for a client on this asset this summer. The main reason for the sale is the ineffectiveness of the network, told the representative of the retailer. In their own annual reports Kesko noted that due to the uncertain situation in the economy to do business in Russia has become more difficult. In addition to hypermarkets, the company also operates a network of shops of building materials, “K-Rauta”. The “Tape” clarifies that the deal could also not take place. Her new owner was registered in Cyprus Flashgpcom Ltd, the ultimate beneficiaries of which were not disclosed.
Earlier it was said that the profit “Ribbon” for the third quarter grew by 21.3% year-on-year. At the moment the total number of Lenta’s stores is 197 pieces, of which 155 are hypermarkets and 42 supermarkets.
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