Friday, August 13, 2010

Wal-Mart In Preliminary Talks to Acquire Russia’s Lenta Supermarket Chain

According to Reuters, Wal-Mart is in talks to acquire Russian grocery retailer Lenta, whose equity is deemed to be worth around $500-$600 million. The retailer has announced that its sales levels have been picking up during the past months. However, in-fighting (including ongoing arbitration proceedings in London) among Lenta’s main shareholders, Svoboda and TPG, is a point of concern for the company and any potential investors.

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