X5 seeks FAS review for O’KEY supermarket business

Moscow, 1 November 2017

X5 Retail Group (“X5” or the “Company”), a leading Russian food retailer (LSE ticker: “FIVE”), announces that it is considering the acquisition of a supermarkets business comprising more than 30 stores currently operating under the O’KEY brand. The Company has submitted a request for the opinion of the Federal Antimonopoly Service of the Russian Federation (FAS). Any further action will depend on the FAS’s reply and on the outcome of negotiations with the counterparty.

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