Russia's third biggest food retailer sold
Published: 06 December, 2007, 12:27
Mercury holding has acquired a 51 % stake in Dixy, Russia's third biggest supermarket chain.
The market value of the deal is estimated at about $US 443 million.
Mercury plans to increase Dixy's share of the Russian food retail market.
The company already manages Moscow's Tsum department store and has a range of luxury goods outlets.
06.12.2007, 12:14
Kremlin roasted over inflation-busting measureThe Organisation for Economic Cooperation and Development has told the Russian government to abandon its attempts to control inflation by fixing retail prices. |
06.12.2007, 12:33
State debt to pass $US 20 billion by 2010Finance Minister Aleksey Kudrin has been defending plans to increase Russia's national debt over the next three years. |
