X5 Retail Group to contest FAS’s fines
UrBC, Yekaterinburg, November 18, 2010. X5 Retail Group announced they were going to contest the fines imposed on the company by Sverdlovsk Region division of Russia’s Federal Antimonopoly Service. ‘The company, which comprises such supermarket chains as Pyaterochka, Perekrestok, and Carousel, is made up of independent legal entities that deal in retail trade as separate operators. On August 1, 2010, ZAO Perekrestok Trade House started running Pyaterochka chain instead of OOO Ural Retail. The FAS’s Sverdlovsk Region division was informed of the changes during their inspection of Pyaterochka.