Lenta completed the acquisition of Utkonos from Severgroup for $349m.

Lenta, a multi-format retail chains in Russia, completed the acquisition of Utkonos, an online-retailer, from Severgroup, a private investment company, for $349m. "The acquisition of Utkonos enables Lenta to significantly enhance our online competitiveness in Moscow with an additional delivery platform featuring a loyal customer base, unique competencies, such as ultra-wide unique assortment, strong fulfillment infrastructure and high client satisfaction rates. Together, Lenta Online and Utkonos will create a comprehensive online offering covering all key shopping missions and market segments," Vladimir Sorokin, Lenta CEO.