Lenta Said to Be Valued at Up to $6.2 Billion by Co-Owner
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Lenta Ltd., the Russian hypermarket chain in the process of listing its shares in London, is valued at between $5.3 billion and $6.2 billion by Moscow-based VTB Capital, said three people familiar with the matter.
VTB Capital, both an underwriter and a selling shareholder in Lenta’s IPO, is pitching the preliminary valuation based on analyst estimates to potential investors while gauging demand to determine the price range, said the people, who declined to be identified as the matter is confidential.