Reuters logo
BRIEF-Russia's X5 to put on sale Perekrestok Express business
October 13, 2017 / 7:14 AM / 2 months ago

BRIEF-Russia's X5 to put on sale Perekrestok Express business

Oct 13 (Reuters) - Russian food retailer X5 Retail Group NV says:

* Company’s small-format convenience stores operating under Perekrestok Express brand in Moscow will be put on sale​;

* Perekrestok Express accounts for less than 1 percent of X5’s revenue;

* X5 has selected Renaissance Capital to assist with preparation of the deal;

* X5 plans to focus on its three major formats: Pyaterochka proximity stores, Perekrestok supermarkets and Karusel hypermarkets. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below