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X5 Retail Group eyes tie up with Kopeika

According to reports in the Russian media, X5 Retail Group has been negotiating with Kopeika about a possible merger or buying out a stake in the company. Kopeika, owned by the bank UralSib, operates over 450 supermarkets in Moscow and Central Russia and it is X5’s competitor in Moscow.

www.planetretail.net

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