date:Mar 27, 2014
One of Russia's biggest retailers X5 Retail Group has finalised the sale of its Perekrestok supermarket operations in Ukraine, the company said in a statement yesterday.
The sale of the retailer's Ukraine unit, X5 Group Ukraine, which accounts for less than 0.3% of total revenue is consistent with the company's strategy to focus on core retail activities within the Russian Federation, it said in the statement.
It did not disclose the value of the deal, or its buyer.
X5 is the first Russian c