X5 Group announced that it has reached agreements on the acquisition of Tamerlan, which operates the Pokupochka and PokupAlco stores in the Southern Federal District of Russia and in the Stavropol Territory. The corresponding petition was approved by the Federal Antimonopoly Service (FAS) of the Russian Federation.
As part of the transaction, X5 acquires 100% of Tamerlane LLC, the operating structure of the Pokupochka discounter chain, the PokupAlco discounter chain with an expanded range of alcoholic beverages and Ga-Ga supermarkets.
The perimeter of the transaction includes 295 stores with a total sales area of 124.200 m2, most of which operate in the Volgograd region. In addition, X5 will receive lease rights for a distribution center in the Volgograd region with a total area of 30,000 m2.
"X5 Group's strategy involves active business development both through organic growth and through M&A transactions, as well as strategic partnerships, such as the one we entered into last year with the Krasny Yar and Slat chains. Thanks to the acquisition of Tamerlan, we will be able to expand our presence in the south of Russia and take a leading position in this region. At the same time, customers will have more opportunities to purchase a wide range of goods at affordable prices in the stores of the largest Russian retailer," said Chief Executive Officer of X5 Group.
Source:
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