RU
08 April 2015

Pyaterochka signs cooperation agreement with the Moscow Regional Union of Consumer Societies

​Pyaterochka signs cooperation agreement with the Moscow Regional Union of Consumer Societies​

Moscow, 8 April 2015

X5 Retail Group N.V., (‘X5’ or the ‘Company’) a leading Russian food retailer (LSE ticker: ‘FIVE’), announced today the signing of a cooperation agreement (the ‘Agreement’) between Pyaterochka, the Company’s proximity store chain, and the Moscow Regional Union of Consumer Societies (‘MSPK’). According to the Agreement, Pyaterochka and MSPK will open co-branded stores under the Pyaterochka.MSPK brand at MSPK’s retail facilities using a reverse franchise model in at least 21 of MSPK’s Moscow Region district consumer societies.