PropertyEU

X5 Retail Group buys Korzinka chain for EUR 80m

By A staff reporter 2007-10-26T00:00:00

Russian food retailer X5 Retail Group has agreed to buy the Korzinka retail chain of 22 stores for $115 mln (EUR 80 mln), including debt. X5 said 15 of Korzinka's stores will be integrated into its discount format and six into the supermarket format while one store will be added ...

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