The private shareholders and Management of Kvartal have sold the company to X5 Retail Group for an undisclosed consideration.
X5 Retail Group is a leading Russian food retailer operating over 5,400 stores.
Kvartal is a regional food retail chain that includes 11 discounter stores located in the Perm region in Russia.
Oaklins' team in Russia acted as advisor to the seller in this transaction.
© Oaklins. All rights reserved. Oaklins refers to Oaklins International Inc. and/or one of its member firms, each of which is a separate legal entity. Please see www.oaklins.com/legal for further details.