X5 Closing In On Discounter Kopeyka

Russia's largest mass grocery retailer (MGR) by annual sales X5 is seeking regulatory clarity as it prepares to bid for the discount retailer Kopeyka. Looking at the fundamental structure of the market, approval should be forthcoming given that despite accounting for more than a quarter of the mass grocery retail (MGR) market, when only taking into account the top ten retailers, X5's overall market share stands at 4.4%, emphasising just how fragmented the industry remains. From Kopeyka's point of view, a sale to X5 would probably serve as an alternative to an initial public offering (IPO).

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