The Russian X5 Retail To Acquire Kama Retail

The X5 Retail Group has announced a deal buy Kama Retail Co, a Pyaterochka franchisee in the Perm region, for about US$18m including debt.

 The rapidly expanding russian food
retailer said it plans to close the deal in April 2008. It said it
will buy 28 soft discount stores in Perm and the Perm region with a
selling area of 9,300 sq.m. and that the total area of purchased
stores is 19,900 sq.m., out of which 1,900 sq.m. are wholly owned.
Kama Retail's net revenue for 2007 exceeded US$50m.