PRESS RELEASE
24 May 2019

Ogier Advises On All Cash Offer For London-Listed Lenta Limited

O
Ogier

Contributor

Ogier  logo
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
Ogier has advised Lenta Limited in relation to the all cash offer for Lenta by Severgroup LLC.
Jersey

Ogier has advised Lenta Limited in relation to the all cash offer for Lenta by Severgroup LLC.

Lenta is listed on the Official List of the London Stock Exchange (LSE) and the offer price implies a value of approximately US$ 1.75 billion for 100% of Lenta.

It was announced on 30 April 2019 that Severgroup had acquired a holding of 41.9 % in Lenta, the hypermarket chain, from TPG Capital and the European Bank for Reconstruction and Development.

Following the closing of that acquisition, Severgroup's unconditional all cash offer for the remaining securities in Lenta has now been made.

Ogier advised Lenta on its initial public offering on LSE in 2014, which made it the largest listed BVI company at that time, and has continued to advise the company since then.

Ogier's BVI Practice Partner, Ray Wearmouth, led the Ogier team which included David Mathews and partners Michael Killourhy and Grant Carroll.

Ray said "Having advised on the IPO five years ago it is good to see the continued growth of the company. Public company offer mandates are always interesting and demand a real team effort. We are very pleased to have been involved."

PRESS RELEASE
24 May 2019

Ogier Advises On All Cash Offer For London-Listed Lenta Limited

Jersey

Contributor

Ogier  logo
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.

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