Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

TPG-Backed Retailer Lenta May Be Worth $5 Billion, UralSib Says

Lenta LLC, a Russian hypermarket chain that’s reported to be weighing an initial public offering, may be worth as much as $5 billion, UralSib Capital estimated.

The retailer, which is controlled by TPG Capital, may be valued “significantly higher” than its London-traded peer O’Key Group SA, which also runs hypermarkets in Russia, Marat Ibragimov, an analyst at UralSib, said by e-mail today. O’Key has a market value of about $3.4 billion.

Lenta is interviewing investment banks with a view to raising about $1.5 billion listing global depositary receipts, Sky News reported yesterday, without citing anyone. Tim Demchenko, head of private equity at VTB Capital, which owns a 14 percent stake in Lenta, declined to comment. Yana Mogileva, a spokeswoman for Lenta in St. Petersburg, also wouldn’t comment.

Lenta’s revenue rose 22 percent last year to 110 billion rubles ($3.5 billion). The retailer had a margin on earnings before interest, taxes, depreciation and amortization of 11.6 percent, higher than the 10.6 percent Ebitda margin of OAO Magnit, according to a bonds presentation in February.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.