Amsterdam, 28 October2009 - X5RetailGroupN.V., Russia's largest retailer in terms of sales, today announced that it has received an unconditional consent from the Russian Federal Anti-Monopoly Service with regard to a potential transaction to acquire Paterson supermarket chain.
This regulatory approvalwas an important prerequisite to proceeding with more advanced negotiations between the parties.
Paterson is a privately-owned retail chain of 82 supermarkets located in Moscow, the Moscow region, St. Petersburg and other cities of European Russia and Urals.
X5 has made no definitive decision on a potential transaction. Terms, structure and financing are subject to further negotiations and approval by the Company’s Supervisory Board.
We will continue to provide updates on material developments in line with the Company's policy.