June 4, 2019 / 2:18 PM / 3 months ago

Russia's Severgroup says it holds 78.7% stake in Lenta

MOSCOW, June 4 (Reuters) - Russia’s Severgroup, controlled by billionaire Alexei Mordashov, said on Tuesday it had completed a cash offer to Russian food retailer Lenta’s minority shareholders and that it now held a stake of 78.7%.

Reporting by Anastasia Lyrchikova and Maria Tsvetkova; writing by Tom Balmforth; editing by Maria Kiselyova

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