Russia's X5 Retail Group has announced that it will start trading on the Moscow Stock Exchange from 1 February 2018.
The retailer said last week that it had filed an application for listing company's global depositary receipts to the Moscow Exchange, which has now been approved.
X5 is one of the largest grocery operators in Russia, generating net sales of RUB 1,286,870 million in 2017, up 25.5% compared to the previous year.
The group operates over 12,000 stores across the country, including 11,225 Pyaterochka proximity stores, 638 Perekrestok supermarkets, 93 Karusel hypermarkets and 165 convenience stores.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.