Rumours Put X-5 In Spotlight

X-5, formerly Pyaterochka Group, has lately been the subject of brief but intense takeover speculation in Russia, following reports that its owners - which include Russia's powerful Alfa Group - were being actively courted by one of the world's largest retailers. The company notes simply that it will not comment on rumours. It is indeed treacherous to wade into what may simply be market noise or the early stages of a specific deal. But BMI sees the current speculation as an ideal opportunity to look at the broader potential benefits and risks for a multinational retailer buying into Russia's food

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