Lenta Debuts on London and Moscow Stock Exchanges

Skadden represented Credit Suisse, JPMorgan, VTB, Deutsche Bank, UBS and TPG Capital as the joint bookrunners for the $1 billion IPO of Russian hypermarket chain Lenta Ltd., which priced on February 28 and closed on March 5 and 7 on the London and Moscow stock exchanges, respectively. This was the first dual listing of global depositary receipts on the London and Moscow stock exchanges.

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