Press Releases
17.05.10
X5 increases its stake in online business
Amsterdam, 17 May 2010 - X5 Retail Group N.V., Russia's largest food retailer in terms of sales (LSE ticker: “FIVE”), today announced that it has completed the acquisition of additional 31% stake in IT Business, operating bolero.ru and 003.ru online stores. The purchase brings X5’s total ownership interest to 82% of IT Business company, with an option to acquire the remaining part of the business by 2014.
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