Lenta to acquire Billa Russia for EUR 215 million in cash
ST. PETERSBURG: Lenta LLC, an indirect subsidiary of Lenta IPJSC, signed an agreement to acquire the supermarkets business of Billa Russia GmbH for EUR 215 million in cash. The acquisition significantly accelerates Lenta’s expansion in Moscow, adding prime retail locations that represent mature retail properties with a high sales density. As a result of the…