TIDMLNTR TIDMLNTA
RNS Number : 2011R
Lenta Ltd
07 December 2016
Lenta opens 11 stores acquired from Kesko
St. Petersburg, Russia; 7 December, 2016 - Lenta, (LSE, MOEX:
LNTA) one of the largest retail chains in Russia, is pleased to
announce the opening of 11 new stores acquired during the purchase
of the Kesko food retail business in Russia ("KFR"), previously
operating under the K-Ruoka brand.
10 hypermarkets and one supermarket are opening today in
Saint-Petersburg and the Leningrad region, now operating under the
Lenta brand.
The total selling space of new Lenta stores is 40,023 sq.m(1) ,
of which 39,657 sq.m is owned and 2,366 sq.m is rented. In terms of
size and layout, the stores are compatible with existing Lenta
compact and supercompact hypermarket formats, and all of the store
locations are strategically complementary to Lenta's existing
stores in Saint-Petersburg and the Leningrad region. All stores are
opened 24 hours, 7 days a week.
The specific store characteristics are listed in the table
below:
Address Total Trading Store Ownership Number Number Number
Space Space Format of cash of SKUs of parking
(sq.m) (sq.m) registers lots
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
Hypermarkets
--------------------------------------------------------------------------------------------------------
Leningradskiy
region,
Kingisepp,
69 Krikkovskoe
av. 7,300 3,660 Supercompact owned 18 14,000 410
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
St.Petersburg,
Peterhof,
58A Gostilitskoe
av. 7,300 3,677 Supercompact owned 18 14,000 400
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
St.Petersburg,
60A Parashutnaya
str. 11,200 5,150 Compact owned 28 19,000 400
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
St.Petersburg,
45A Shuvalovskiy
av. 7,200 4,485 Compact owned 18 19,000 180
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
St.Petersburg,
59A Piskarevskiy
av. 10,900 5,150 Compact owned 28 19,000 240
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
St.Petersburg,
17A Planernaya
str. 10,900 5,150 Compact owned 26 19,000 450
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
Leningradskiy
region,
Vsevolozhsk,
12 Doroga
Zhizni
av. 7,500 3,670 Supercompact owned 15 17,000 860
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
Leningradskiy
region,
Sosnoviy
Bor, 2
Akademika
Aleksandrova
str. 7,500 3,655 Supercompact owned 18 14,000 650
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
St.Petersburg,
13A, bld.2,
Simonova
str. 6,700 3,540 Supercompact owned 16 14,000 250
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
St.Petersburg,
34 bld.2
Uriy Gagarina
av. 3,552 2,366 Supercompact leased 15 10,000 100
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
Supermarkets
--------------------------------------------------------------------------------------------------------
St.Petersburg,
7A Urkhov
alley 2,900 1,520 Supermarket owned 11 10,000 100
------------------- -------- -------- ------------- ---------- ----------- --------- ------------
These new openings bring the total number of Lenta stores to 180
hypermarkets in 77 cities across Russia and 44 supermarkets in
Moscow and St. Petersburg.
About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of
selling space) and the country's fifth largest retail chain (in
terms of 2015 sales). The Company was founded in 1993 in St.
Petersburg. Lenta operates 180 hypermarkets in 77 cities across
Russia and 44 supermarkets in Moscow and St. Petersburg, with a
total of approximately 1,089,165 sq.m of selling space. The average
Lenta hypermarket store has selling space of approximately 5,800
sq.m. The average Lenta supermarket store has selling space of
approximately 1,000 sq.m. The Company operates seven owned
distribution centres.
The Company's price-led hypermarket formats are differentiated
in terms of their promotion and pricing strategies as well as their
local product assortment. The Company employed approximately 34,134
people as of 30 June 2016(2) .
The Company's management team combines a mix of local knowledge
and international expertise coupled with extensive operational
experience in Russia. Lenta's largest shareholders include TPG
Capital and the European Bank for Reconstruction and Development,
both of which are committed to maintaining high standards of
corporate governance. Lenta is listed on the London Stock Exchange
and on the Moscow Exchange and trades under the ticker: 'LNTA'.
A brief video summary on Lenta's business and its Big Data
initiative can be seen here.
For further information please visit www.lentainvestor.com, or
contact:
Lenta Citigate
Anna Meleshina, International Media:
Public Relations & David Westover
Government Affairs el: +44 207 282 2886
Director E-mail: lentateam@citigatedr.co.uk
Tel: +7 812 363 28
53 FTI Consulting
E-mail: anna.meleshina@lenta.com Russian Media:
Anton Karpov & Victoria
Anastasia Kuznetsova, Afonina
Corporate Communications el:+7 495 795 06 23
Manager E-mail: lenta@FTIconsulting.com
el:+7 (812) 336 39
97
E-mail: a.kuznetsova@lenta.com
(1) The total selling space of the stores acquired from Kesko is
presented after adjustments made by Lenta during integration
process.
(2) FTE (full-time equivalent). Average FTE for 1H 2016 was 33,758 employees
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRTRBMTMBAMBMF
(END) Dow Jones Newswires
December 07, 2016 06:03 ET (11:03 GMT)
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