RussiaТs X5 Retail Group buys 99 stores of Ufimsky Gastronom - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

RussiaТs X5 Retail Group buys 99 stores of Ufimsky Gastronom

MOSCOW, Apr 3 (PRIME) -- Russian retailer X5 Retail Group has acquired 99 stores of the Ufimsky Gastronom (Ufa Grocery) chain in the republic of Bashkortostan, the company said in a statement on Tuesday without elaborating.

УX5 Retail GroupЕannounces that it has acquired JSC Ufa Grocery. Russia's Federal Antimonopoly Service has approved the deal,Ф the company said.

Under the deal, X5 Retail Group acquired direct ownership over 59 stores with a combined area of 44,200 square meters. Other 40 stores were leased under long-term contracts.

УThis acquisition is fully in line with X5Тs development strategy, which is focused on organic growth aided by targeted acquisitions of unique assets. By developing its retail formats and logistics infrastructure in Bashkortostan, X5 promotes the economic development of the region and offers additional benefits to local producers and communities by redefining the modern retail experience,Ф the company said.


03.04.2018 10:36
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.8574 -0.1540 16 jul
USD 62.8280 -0.1924 16 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1379.34 -0.52 10:53 16 jul
micex 2750.45 -0.22 10:53 16 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 238.48 -0.76 10:35 16 jul
lkoh 5165.00 -0.26 10:35 16 jul
rosn 418.65 +0.06 10:35 16 jul
sber 234.17 -0.47 10:35 16 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.5200 -0.3700 14:59 16 jul
USDTD 62.6575 -0.5000 17:44 16 jul