X5 Retail Group NV Will Fund Demand Line Of Credit Of VTB

Analytical Information Agency:

The retail Group N.V will fund demand line of credit of VTB in the volume of 7bln rbl. It is spoken about in the report of the company.

Financing will be given to X5 within the limits of realization of initiatives of the Government on support of sector of retail trade of the country in the form of the one-and-a-half-year demand line of credit.

X5 Retail Group N.V. – the large retail network in the Russian Federation – is formed by the merge of TH “Perekryostok” and the retail network “Pyaterochka”. Within the limits of transaction Pyaterochka Holding got TH “Perekryostok” at the Alpha-group, investment fund Templeton and management of the network. In turn, the Alpha-group got the control share holding of the incorporated company. Pyaterochka Holding N.V. on May, 6th, 2005 placed at the London stock exchange 45968144 GDR on $598mln.

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