The private shareholders and Management of Kvartal have sold the company to X5 Retail Group for an undisclosed consideration.
Kvartal is a regional food retail chain that includes 11 discounter stores located in the Perm region in Russia.
X5 Retail Group is a leading Russian food retailer operating over 5,400 stores.
Oaklins' team in Russia acted as advisor to the seller in this transaction.
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