Pyaterochka Holding has confirmed that it has entered into negotiations with a view to acquiring Russian retailer Merkado.

In a statement released today (22 September) Pyaterochka said: “Pyaterochka Holding NV confirms that it is currently engaged in negotiations which may lead to the acquisition of a chain of retail stores and real estate operating under the Merkado brand in Moscow, Russia.”

Merkado is owned by Nafta-Moskva. The chain consists of eight stores in the Moscow area.

Earlier this year Pyaterochka acquired the Perekriostok supermarket chain, becoming Russia’s largest food retailer in terms of sales volume with combined annual revenue of around US$3bn. The company hopes to further expand its footprint through Greenfield growth and acquisitions.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.