18.12.2007, 06:21
X5 RETAIL GROUP N.V. Signs Agreement to Acquire STRANA GERKULESA
OREANDA-NEWS. December 17, 2007. X5 Retail Group N.V., Russia's largest food retailer in terms of sales, announced that it had signed an agreement to acquire 100% of the business and assets of the Strana Gerkulesa ("Land of Hercules") retail chain operating in the City of Moscow and the Moscow and Tver regions, for a total consideration of USD 65 million, including debt. The Company plans to close the deal by the end of 2007.
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