Despite having received approval from the Russian Anti Trust Office to acquire Moscow-based retail chain Kopeika, X5 Retail Group has said that the acquisition may not go ahead. Initially Kopeika aimed to sell its stake to X5 Retail Group at the beginning of October for an estimated $1.5bn (£1bn) including $400m (£250.1m) of debts. However, a senior manager at Kopeika stated that a final decision regarding the sale will not be made until the middle of December.

Topics