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Lenta is to become the 2nd largest food retailer in Moscow

Lenta, one of top-10 Russian retailers, is purchasing Billa Russia GmbH to become the second largest food retailer in Moscow
Wed 26/05/2021 by Richard Wilkinson
Lenta, one of top-10 Russian retailers, is purchasing Billa Russia GmbH to become the second largest food retailer in Moscow

“Thanks to the acquisition of Billa, we will double the total number of our stores. Besides, it will enable the delivery of goods purchased online over all the area of Moscow city,” said Vladimir Sorokin, CEO of Lenta. “Thus, we will become the second retailer in terms of the stores’ number in Moscow.”

As the result of the acquisition, Lenta is integrating 161 supermarkets, logistics infrastructure and 5,400 staff of Billa. The supermarkets will be run under Lenta brand.

The deal estimated as 215 million euro may be close within this summer.

 

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