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Advance Capital is pleased to announce the sale one of the largest retail chains in the Chelyabinsk region, Mall (representing the Molniya and SPAR brands), to Lenta (LENT:MOEX)

The retail chain was one of the first grocery retailers in Chelyabinsk. According to SPARK, it was founded in 2005. Its revenue in 2024 grew by 12% yoy and reached RUB21 bn.

5 hypermarkets, 18 supermarkets and 49 stores under the Spar brand will be transferred to Lenta. 3 distribution centres are also included in the deal.

This transaction is an important step in Lenta's strategy to further transform itself into a multi-format player in the Russian retail market. As a result of the acquisition, Lenta will strengthen its position in the Central Urals, where Mall ranks fifth in terms of revenue among retailers in the region. The company operates 72 stores in three formats: hypermarkets, supermarkets and neighbourhood stores, each of which Lenta sees as having prospects for further development and potential for profitability growth. The acquisition will enable Lenta to accelerate its goal of achieving revenue of 1 trillion roubles by the end of 2025.

Evgeny Antipov, Advance Capital Managing Director:

"I am delighted with the successful completion of this transaction as a result of our efforts. Amid ongoing consolidation in the food retail sector, we anticipate further successful transactions among food manufacturers, including thanks to the dedication of our team."

Advance Capital acted as the exclusive financial advisor to Mall.

The terms of the deal were not disclosed.