Russian discount food retailer Pyaterochka is reportedly in merger talks with rival supermarket operator Perekryostok.
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Were the deal to go through, it would create Russia’s largest retail company, based on the companies combines revenue of US$2.5bn. The two companies operate in several regions outside Moscow and St. Petersburg.
Russian newspaper Vedomosti has speculated that if an agreement is reached financial-industrial holding Alfa Group, who currently have a 90% stake in Perekryostok, would seek to gain control of the merged entity.
