OREANDA-NEWS. April 25, 2011. Dixy Group - one of the leading food retailers in the Russian Federation - announces that it has secured a RUB 4.5 bn. (USD 160 mln.) Acquisition Loan provided by Sole Bookrunner & MLA UniCredit, to support the acquisition by Dixy of 100% of the share capital of Victoria Group.

Dixy Group is to sign a credit agreement of RUR 4,500,000,000 (USD 160 mln. equivalent) with UniCredit Group to provide debt financing for the pending acquisition of the Victoria Group. The acquisition financing will be used alongside shareholder equity to wholly finance the acquisition.

The Transaction would create the 5th largest food retailer in Russia in terms of sales and the 3rd largest market player in terms of stores number.

UniCredit and the Dixy Group have previously worked together on a number of successful transactions including the USD 200 mln. club facility in 2010 where UniCredit also acted as MLA and Documentation Agent.