Russia's X5 Retail Group acquires rival Agrotorg-Rostov

12/29/2008 | Guardian (London), The

X5 Retail Group, Russia's largest food retailer by revenue, said it bought Agrotorg-Rostov, which is regional competition, for $13.79 million. The acquisition "will strengthen its geographic presence in the south of Russia, with a better balanced [multiformat] store portfolio," the company said.

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Guardian (London), The

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