X5 Retail Group, a leading Russian food retailer, has acquired SPAR Retail from A&NN Investments Ltd. SPAR Retail operates 26 stores under the 'SPAR' brand in Moscow (11), Moscow Region (7) and Vladimir (8), from. The transaction has been approved by the Russian Federal Antimonopoly Service. The average selling space of the acquired stores ranges from 400 sq m to 1,600 sq m. The majority of the acquired stores will be integrated into the 'Perekrestok' supermarket format, with only a few stores to be rebranded as 'Pyaterochka'.
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