TPG Calls Meeting as Lenta Shareholder Dispute Turns Violent

TPG Capital and its partners in OOO Lenta, a Russian superstore chain, plan to hold a board meeting at the end of the month after a shareholder dispute over management and strategy erupted into violence.

The U.S. private-equity firm and VTB Capital, the investment arm of Russia’s second-largest bank, aim to meet with Svoboda, run by August Meyer, Lenta’s largest shareholder, at a board meeting on Sept. 30, Tim Demchenko, the head of private equity at VTB Capital, said today by e-mail. If Meyer attends, it “will help us to resolve existing issues and jointly move forward with development,” he said.