X5 Retail Group N.V. GDR Purchase
13 Nov 2006
Amsterdam, 13 November 2006 - X5 Retail Group N.V., Russia’s leading grocery retailer, announced that Perekrestok Holdings Limited, a 100% subsidiary of X5 Retail Group N.V., purchased today 3,231,480 GDRs from Templeton Strategic Emerging Markets Fund LDC at a price of US $ 21.75 per GDR. This purchase was made as part of the Company’s 2006 GDR purchase programme, launched on 30 June 2006. The GDRs will be held as treasury stock and will be used by the Treasury for general corporate purposes.
Note to Editors:
X5 Retail Group N.V. is Russia's largest food retailer in terms of sales. As of 30 September 2006, the group had 420 company-managed "Pyaterochka" soft discount stores located in the Moscow (199), St. Petersburg (199) and Yekaterinburg (22) areas, and 141 company-managed "Perekrestok" supermarkets across Central Russia and Ukraine, including 81 stores in Moscow.
As of 30 September 2006, franchisees operated 539 Pyaterochka branded stores across Russia, in Ukraine and Kazakhstan. Perekrestok has 10 convenience stores operated by franchisees in the Moscow area.
Pyaterochka and Perekrestok have merged their operations as of 18 May 2006 to create the clear leader in the Russian food retail market.
Pyaterochka’s 2005 net sales (pre-merger) reached USD 1,359 million, with gross banner sales in 2005 of over USD 2 billion. Perekrestok net sales reached USD 1,015 million in 2005.
The Group’s pro forma net sales for the 9 months of 2006 were US $2,411 million (management accounts). The Pyaterochka chain provided US $1,374 million of net sales, while the Perekrestok chain contributed US $1,037 million of net sales.
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