X5 GROUP COMPANY REPORTED ON THE FIRST RESULTS OF THE EXECUTION OF THE REMEDY OF FAS RUSSIA

The acquirer, on an initiative basis, assumed and extended additional social obligations to the stores "Victoria", "Victoria-Kvartal" and "Deshevo"

Earlier, FAS Russia granted the application of Corporate Center X 5 LLC for the acquisition of 100% of the shares in the authorized capital of Victoria Baltia LLC, under condition of execution of the remedy of the authority.

The retailer informed the competition authority that the transaction was registered on August 14. At the same time, due to the excess of the 25% share, the companies transferred to third parties the retail facilities located within the boundaries of the Dolgoprudny city district of the Moscow region.

X5 Group also extended to the acquired company the voluntary obligations operating in the network to limit margins on certain items of food. The company will send weekly supporting materials to FAS Russia, namely, information on average purchase and retail prices for socially significant first-price food products in purchased stores. Spreading of voluntary commitments intended to support consumers and help to reduce product prices.

Besides, after the transaction, X5 Group continues to fulfill all contracts concluded by the "Victoria", "Victoria-Kvartal" and "Deshevo" retail chains, so that the change of ownership does not infringe on the rights of counterparties of the acquired companies. 

FAS Russia will continue to monitor the fulfillment of these terms throughout the duration of the remedy.