Lenta closes deal to buy online seller Utkonos for 20 bln rbl
MOSCOW, Feb 1 (PRIME) -- Russian grocery retailer Lenta has closed a deal to acquire online retailer Utkonos for 20 billion rubles, according to LentaТs documents seen by PRIME on Tuesday.
The acquisition will allow Lenta to widen its share on the online market significantly and compete more effectively in this segment in Moscow, mainly in the price categories of Уabove averageФ and Уpremium.Ф
As a result of the deal, LentaТs share on the Moscow online market will reach 11%.
(77.4702 rubles Ц U.S. $1)