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Business news, 21.01.2005 12:46

Lenta Turns to Regions

Lenta Turns to Regions Retail chain Lenta plans to invest about $60 million to $65 million into the building of a distribution center and several shops in the Leningrad Oblast.

Lenta chairman, Oleg Zherebtsov met with the governor of the Oblast Valery Serdyukov earlier this week to discuss provision of a 10 hectare plot for a 30,000 square meter distribution center that will cost $20 million.

Zherebtsov added that the building of the center will support the planned four to five supermarkets Lenta plans to construct in the oblast.

Currently under consideration for the supermarkets are locations in Vyborg, Kirishi, Gatchina, Luga, Volkhov and Tikhvin.

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