"Lenta" has acquired a hypermarket chain in Yekaterinburg.
The federal retailer "Lenta" has acquired the hypermarket chain "O'Key," including three stores in Yekaterinburg, reports "Lenta Group" on its website.
In the city, there are three "O'Key" hypermarkets - in Uralmash, Botanika, and "Raduga Park." After the deal is completed, all of them may transition to the "Hyper Lenta" brand. This purchase has increased the chain's presence in Yekaterinburg by more than 40%.
In total, "Lenta" will incorporate 75 "O'Key" hypermarkets with a total area of 478,000 square meters and four distribution centers with an area of 107,000 square meters. The stores are located in six federal districts.
Interestingly, the deal is taking place without cash. "Lenta Group" is assuming the debt obligations of the acquired company as payment for 100% of the shares, reports the publication EAN.
Recall that in November of last year, the retailer "Lenta" confirmed plans for further acquisitions of competitors.
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"Lenta" has acquired a hypermarket chain in Yekaterinburg.
The federal retailer "Lenta" has acquired the hypermarket chain "O'Key," including three stores in Yekaterinburg, reports "Lenta Group" on its website.