Reuters 2 December 2012
Russia’s VTB Capital wants to sell its stake in hypermarket chain Lenta by 2015 and would consider a buyer like U.S. mega-retailer Wal-Mart (WMT.N) when the time comes, the investment bank’s global head of private equity said.
VTB Capital, a unit of Russia’s No.2 lender VTB (VTBR.MM), and U.S. private equity firm TPG raised their combined stake in Lenta in 2011 to end a long-running dispute over control and strategy that had stalled the chain’s expansion.