French Auchan was unable to complete the sale of its Russian business due to the transfer of assets into management

The French Auchan group was actively negotiating the sale of Auchan Retail Russia and agreed on a deal with Kama Capital, but did not have time to complete it. Izvestia writes about this with reference to sources close to both sides of the negotiations.

According to them, by the beginning of September the companies submitted documents for approval to the government commission. However, soon after this, the country's President Vladimir Putin transferred the asset to JSC L.E.V., unknown on the market. Management" into temporary management.

This decision put an end to the sale. General Director of Infoline Analytics Mikhail Burmistrov believes that taking into account financial assets, the transaction amount could be 60-70 billion rubles, although the owner of the asset, according to the current rules, could gain no more than five percent of its real value.

Kama Capital was registered in June 2023 and specializes in the acquisition, management and development of commercial real estate. Previously, the company bought out the Russian assets of Ceetrus - this is the real estate structure of the Elo group, formerly Auchan Holding.

In the fall of 2024, it became known that Auchan was negotiating with the structures of Severgroup of Alexey Mordashov, who already owns the Lenta hypermarket chain. The French media also claimed that communication on this topic took place with Gazprombank.