X5 Retail Group obtained permit to acquire “Kopeyka”

The Federal Antimonopoly Service allowed X5 Group to acquire the Trading House “Kopeyka” on one condition: Group will have to reduce the number of stores in some locations.

According to the new law “On the Principles of State Regulation of Trading Activity in the Russian Federation”, which came into force 1 February 2010, X5 will have to sell “Kopeyka” stores in those districts, where its market share exceeds 25%.

Source: www.sostav.ru