date:Mar 26, 2014
Russian food retailer X5 said on Tuesday it has completed the sale of its business in Ukraine.
Ukrainian retailer Varus Group said last week it was buying the lease rights to the Russian firm's 12 stores in a deal reportedly worth around $5-10 million.
The disposal of X5 Retail Group Ukraine, which accounts for less than 0.3 percent of X5's total revenues, is consistent with the company's strategy to focus on core retail activities within the Russian Federation, X5 said in a statement.
X5 did