X5 Retail Group has announced this month the possible purchase of a regional network of grocery stores “Mindal” (“Almond”).
At the moment, the negotiations with the owner of Togliatti supermarkets are held, and the transaction for 600 million rubles can be concluded as early as in spring this year.
Currently, Togliatti is already included in the coverage of X5 Retail Group: the city has several discounters already – “Pyaterochka +” and two “Perekrestok” stores.
A few months earlier the trade press published information about purchase of “Mindal” by retailer “Okay”, and named almost the same amount of transaction, 30 million USD. But last autumn, the network refused the purchase, citing the fact that “Mindal” has got only a hypermarket store, and this segment is not a priority for “Okay”.
Source: www.fruitnews.ru