date:Jul 16, 2014
said the company's expansion plans were unhurt by the economic slowdown. Lenta plans to open 24 hypermarkets and 15 supermarkets this year, expected to translate into an increase of at least 30 percent in total net selling space.
It still aims to double its net selling space in the next three years.
Lenta raised around $1 billion for shareholders including U.S. private equity firm TPG and VTB in a London share sale in February and its stock is currently trading 36 percent higher than the offer