X5 Retail Group, Russia’s leading grocery retailer, has announced that Perekrestok Holdings, a 100% subsidiary of X5, has today (13 November) purchased 3.23m global depositary receipts (GDRs) in its parent company.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The GDRs were bought from Templeton Strategic Emerging Markets Fund at a price of US$21.75 per GDR, X5 said.


The move is part of the company’s 2006 GDR purchase programme, launched on 30 June. X5 Retail Group hopes to buy back a total of $50m of its GDRs by the end of 2006. Over the next five years X5 Retail Group intends to buy back GDRs worth a total of $150m.


Previously Templeton Strategic Emerging Markets Fund LDC held 2.1% in X5 Retail Group.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now