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Wal-Mart restarts negotiations to buy Russian Lenta

Posted on: Mon, 06 Apr 2009 10:43:00 EDT

Symbols: WMT

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Apr 06, 2009 (M2 EQUITYBITES via COMTEX) --
WMT | Quote | Chart | News | PowerRating -- US retail operator Wal-Mart (NYSE:WMT) said on 6 April 2009 that it has
re-initiated the discussions on the purchase of a controlling stake in
Russian hypermarket network Lenta, Dow Jones reported, quoting Russian
daily Kommersant.

According to the Russian newspaper, Wal-Mart has talked to Lenta
stockholders Oleg Zherebtsov who has 35% in the hypermarket chain, the
European Bank for Reconstruction and Development (EBRD) controlling 11%
and Loren Bough which holds 6%.

Zherebtsov has been reportedly seeking a potential buyer for its Lenta
shareholding since February and has made contacts with private equity
funds Russia Partners, Warburg Pincus, TPG Capital, Apax Partners and
BC-Partners.

Sector: Retail

Type: Stake building

Target: Lenta

Buyer: Wal-Mart

Status: In talks

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For full details on Wal-Mart Stores Inc (WMT) WMT. Wal-Mart Stores Inc (WMT) has Short Term PowerRatings at TradingMarkets. Details on Wal-Mart Stores Inc (WMT) Short Term PowerRatings is available at This Link.

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