IPJSC Lenta, one of Russia's largest multi-format retailers, officially announced the acquisition of the O'KEY hypermarket chain on June 2, 2026. The transaction was approved by the Federal Antimonopoly Service (FAS) and reflects the consolidation trend in the large-format retail segment.

Transaction Details and Structure

From a legal perspective, Lenta acquires a 100% stake in LLC RFB-Retail, which owns the O'KEY chain. The deal is structured without a cash component: Lenta does not pay direct compensation to the seller but assumes the debt obligations of the acquired company. Earlier, in November 2025, the structure of O'KEY Group S.A. completed the process of separating hypermarkets into a distinct asset and transferred them under the management of LLC RFB-Retail (owned by the chain's management), making the transaction possible.

The acquisition scope includes a large-scale operational and logistics base:

• 75 hypermarkets under the O'KEY brand with a total retail area of 478,000 square meters.
• 4 leased distribution centers with a combined area of 107,000 square meters.

The integrated stores are located across six federal districts of Russia: Central, Northwestern, Southern, Ural, Volga, and Siberian.

Integration and Business Strategy

The transfer of this asset will strengthen Lenta's position in the large-format retail market. Moving forward, the company will face the process of merging supply chains, IT infrastructure, and operational systems. According to industry experts, the integration of O'KEY hypermarkets could provide Lenta with a notable increase in annual revenue (previous forecasts estimated a level of 140–150 billion rubles).

The acquisition of the O'KEY chain marks a notable step in the asset consolidation process within the Russian retail market. The integration of 75 new hypermarkets and four distribution centers will allow Lenta to expand its presence across six federal districts and optimize logistics routes. For the Russian food market, this deal signifies the further enlargement of federal retail chains, which in the future may lead to a revision of procurement terms and increased centralization in the large-format segment.