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X5 acquisition of Kopeika delayed

26 August 2010

Russian anti-monopoly trust FAS has postponed consideration of the application from X5 Retail Group for the acquisition of Kopeika until 22 September. X5 hopes to acquire Kopeika’s whole business, including 99.9% of shares in the parent OJSC Kopeika Trading House, Kommersant has reported. X5 had filed the application to the FAS late July before the final completion of the negotiations.

Materials for that theme

Kopeika desperately seeking funds

Kopeika looks to sell entire business

Kopeika reports flat revenue growth in 2009

Kopeika plans IPO for autumn

Kopeika seeks funds to pay off debt

More speculation about WAL-MART bid for Kopeika

Kopeika signs franchising agreement with two retailers

Kopeika not planning on taking credit from Sberbank

Kopeika to transfer its core business to Sberbank

Kopeika to sell property to raise funds

X5 Retail Group eyes tie up with Kopeika

Kopeika secures state loan

Kopeika nine month profit drop



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