StockMarketWire.com - Russian retail chain Lenta said it was aware that Luna was in talks to sell its 34.13% stake in the company to Severgroup.

At this stage, however, there was no certainty whether a transaction would occur, Lenta said.

'Any such sale could only be carried out in accordance with the memorandum and articles of association of Lenta, which require Severgroup to launch a mandatory tender offer to all shareholders/GDR-holders in connection with any such sale,' the company added.




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