PRESS: EBRD can sell 7.4% stake in Lenta to Mordashov

MOSCOW, Mar 28 (PRIME) -- The European Bank for Reconstruction and Development (EBRD) can sell a 7.4% stake in retailer Lenta to Severgroup of Alexei Mordashov, business daily Kommersant reported on Thursday, citing an industry source.

Lenta’s largest shareholders are TPG Group which owns 34.13% and EBRD with 7.4%, free float of the company is 57.22%.

On Wednesday, Lenta confirmed negotiations between TPG Group and Severgroup on stake sale.

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