Ogier advises hypermarket chain on IPO on London and Moscow stock exchanges

Ogier in the British Virgin Islands (BVI) has acted for Russian hypermarket chain Lenta in its recent initial public offering (IPO) on the main market of the London Stock Exchange and the Moscow Stock Exchange. 

Lenta, which is held through a BVI company, is a long-time client of Ogier BVI, with the office acting as Lenta’s lead adviser on matters of BVI law since 2009.

Founded in 1993 and headquartered in St Petersburg, Lenta currently operates 77 hypermarkets throughout 45 Russian cities (including Moscow and St Petersburg), making Lenta Russia’s second-largest hypermarket chain. 

Partner Ray Wearmouth and managing associate Michael Killourhy advised Lenta.