Tillkännagivande • Sep 03
X5 Retail Group Announces Intention to Delist its GDRs from the London Stock Exchange X5 Retail Group N.V. announced its intention to request: (i) cancellation of the listing (‘Listing’) of the Company's global depositary receipts (‘GDRs’) (ISIN US98387E2054 and ISIN US98387E1064) on the Official List of listed securities (the ‘Official List’) maintained by the UK Financial Conduct Authority (‘FCA’); and (ii) cancellation of the admission to trading (‘Admission’) of the GDRs on the main market for listed securities of the London Stock Exchange (the ‘LSE’) (together, the ‘Delisting’). The Company simultaneously anticipates a cancellation of the listing of its GDRs on the Moscow Exchange. This decision has been taken by the Management Board of the Company as part of ongoing measures following its receipt of the notice of resignation from The Bank of New York Mellon (‘BNY’) as depositary for the Company's GDR programme, as announced by the Company on 13 June 2024. Service of the notice of resignation will, among other things, entitle BNY to serve a notice to terminate the GDR programme if a successor depositary has not been appointed by 18 September 2024. Since receiving the notice of resignation, the Company has made extensive efforts to identify and appoint a successor depositary. Based on its discussions with potential successor depositaries, the Company believes that it will be easier to appoint a successor depositary if the Listing and Admission are cancelled. The Company also believes that it is preferable to retain the GDR programme, albeit with unlisted GDRs, rather than have the programme terminated. In addition, following the suspension of the Admission by the LSE on 3 March 2022, there has been no active public market in the GDRs for approximately 30 months. The Management Board of the Company has therefore concluded that Delisting will have little significant impact on the ability of GDR holders to trade their GDRs. Tillkännagivande • Apr 24
Moscow Court Postpones Ruling on X5 Retail Group N.V.'S Subsidiary X5 Retail Group N.V. announced that the Arbitration Court of the Moscow Region (the "Court") has adjourned its hearing regarding a claim brought by the Ministry of Industry and Trade of the Russian Federation to suspend the Company's corporate rights in its Russian subsidiary, X5 Corporate Centre LLC. Tillkännagivande • Mar 26
X5 Retail Group N.V., Annual General Meeting, May 08, 2024 X5 Retail Group N.V., Annual General Meeting, May 08, 2024, at 11:00 Central European Standard Time. Location: Zuidplein 196, 1077 XV Amsterdam Netherlands Agenda: To consider Report of the Management Board for the financial year 2023; 2023 Remuneration Report; Proposal to adopt the 2023 Financial Statements with explanation of the status of the independent auditor's report; Proposal to amend the remuneration policy for the Supervisory Board. Tillkännagivande • Nov 03
X5 Retail Group N.V. (LSE:FIVE) acquired stores operated by the Amba retail chain in the Khabarovsk Territory. X5 Retail Group N.V. (LSE:FIVE) acquired stores operated by the Amba retail chain in the Khabarovsk Territory on November 2, 2023. The Pyaterochka retail chain has acquired long leases of 71 stores, measuring a total of 49,122 square metres of selling space. All 71 stores are expected to open by the end of Q1 2024 after refurbishment in line with Pyaterochka’s new store concept. X5 Retail Group N.V. (LSE:FIVE) completed the acquisition of stores operated by the Amba retail chain in the Khabarovsk Territory on November 2, 2023. Tillkännagivande • Aug 02
X5 Retail Group N.V. (LSE:FIVE) secured an agreement to acquire Victoria Baltia. X5 Retail Group N.V. (LSE:FIVE) secured an agreement to acquire Victoria Baltia on August 1, 2023. The deal encompasses 118 stores with a total selling space of 92,000 square metres, including leased facilities. In addition, X5 will take ownership of two distribution centres in the Kaliningrad Region with a total space of 14,200 square metres. The current management team of Victoria Baltia will continue to manage the company. The deal has been approved by the Federal Antimonopoly Service (FAS) of the Russian Federation. Tillkännagivande • Jun 01
X5 Retail Group N.V., Annual General Meeting, Jun 30, 2023 X5 Retail Group N.V., Annual General Meeting, Jun 30, 2023, at 11:00 Central European Standard Time. Location: Zuidplein 196 1077 XV Amsterdam Amsterdam Netherlands Agenda: To consider report of the Management Board for the financial year 2022; to consider 2022 Remuneration Report; to consider proposal to adopt the 2022 Financial Statements with explanation of the status of the independent auditor's report; to consider remuneration policy for the Supervisory Board; to consider Re-appointment of Igor Shekhterman, Frank Lhoest and Quinten Peer as members of the Management Board; and to consider re-appointment of Peter Demchenkov as member of the Supervisory Board. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$9.50, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 12x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 63% over the past three years. Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: ₽166 (vs ₽157 in FY 2021) Full year 2022 results: EPS: ₽166 (up from ₽157 in FY 2021). Revenue: ₽2.61t (up 18% from FY 2021). Net income: ₽45.2b (up 5.8% from FY 2021). Profit margin: 1.7% (down from 1.9% in FY 2021). The decrease in margin was driven by higher expenses. Like-for-like sales growth: 3.5% vs FY 2021 Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$9.41, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 11x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 37% After last week's 37% share price decline to US$5.97, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 11x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 81% over the past three years. Tillkännagivande • Dec 01
X5 Retail Group N.V. Announces Board Changes X5 Retail Group N.V. announced that Shareholders and holders of global depository receipts adopted all proposals on the agenda, including in particular: Appointment of Dmitry Alekseev, Vassilis Stavrou and Leonid Afendikov as members of the Supervisory Board. Tillkännagivande • Nov 04
X5 Retail Group N.V. (LSE:FIVE) completed the acquisition of 70% stake in Krasny Yar Group and Slata, Ooo. X5 Retail Group N.V. (LSE:FIVE) agreed to acquire 70% stake in Krasny Yar Group and Slata, Ooo on August 2, 2022. The companies will continue operating under their own brands and retain their business models. Requests for clearance for the deal have been sent to the Federal Anti-monopoly Service and regulators. On October 13, 2022, The Federal Antimonopoly Service has approved a petition of X5 Retail Group.
X5 Retail Group N.V. (LSE:FIVE) completed the acquisition of 70% stake in Krasny Yar Group and Slata, Ooo on November 3, 2022. Tillkännagivande • Aug 31
X5 Retail Group N.V. Appoints Andrey Kalmykov as General Director of Perekrestok X5 Retail Group N.V. announced the appointment of Andrey Kalmykov as General Director of Perekrestok. Andrey Kalmykov brings over 25 years of experience in managing large companies. Prior to joining X5, he was CEO of Pobeda Airlines, which he steered to become the most popular and efficient air carrier in Russia. Before that, he held the position of Deputy CEO at Aeroflot, worked at Russia's Ministry of Transport and headed Sunrise Tour, a major travel company. Tillkännagivande • Aug 30
X5 Retail Group N.V. Upgrades Paket by X5 Subscription Service X5 Retail Group N.V. announced the upgrade of its Paket by X5 subscription service across all regions where it operates. After successfully completing the pilot stage of the service, the Company decided to expand its geography and enhance the attractiveness of the subscription offering. Customers can now sign up for the new Paket by X5 subscription plan, which unites the benefits available at X5's Pyaterochka and Perekrestok stores into a single subscription. By signing up for the plan, customers will be able to pay for their purchases with bonus points instead of real money while collecting ten times as many bonus points as under X5's standard loyalty programmes. Paket by X5 will be a valuable addition to X5's loyalty programme relaunched in July, and is geared toward cost-conscious customers who seek to earn bonus points by making purchases across X5 Group's retail chains and businesses. For a monthly fee of RUB 120, Paket by X5 offers 5% cashback on purchases in the form of bonus points to be credited to the customer's existing loyalty card. Customers can also receive 5% cashback on purchases above RUB 600 at X5's Mnogo Lososya ready-meal delivery service in the form of bonus points, a 10% discount at X5's online hypermarket Vprok.ru, as well as six free-of-charge express deliveries monthly and cashback on coffee, bakery, ready meals and more. Paket by X5 subscribers will be able to manage their subscription and track their monthly spending using a personal account. The service is working actively to expand its list of partners. At present, subscribers can receive a 30% discount at the Foxford online school, a 20% discount on lab tests at INVITRO clinics and a 25% discount at the online bookstore LitRes, plus one book free of charge. To mark the upgrade of the service, Paket by X5 is offering customers a promo code for a one-month subscription in the amount of RUB 1 to invite customers to take advantage of all the benefits the new service has to offer. Based on the results of the pilot from September 2021 to March 2022, the project delivered an increase in revenue across X5's retail chains as well as an influx of new customers across nearly every age group, with several hundred thousand people subscribing toPaket by X5 during this period. To subscribe, customers need to sign up or sign in on the Paket by X5websitewith their ?5 ID and register for the plan to start receiving benefits through their Pyaterochka and Perekrestok loyalty cards. The plan requires no additional cards, QR codes or coupons - the service is connected to X5's loyalty programme and has access to the customer's previously accrued bonus points. In addition, subscribers can share all the benefits of the subscription service with family members at no extra cost by showing their loyalty card connected to the Paket by X5 service (or the bar code of the card in-app) during checkout. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: ₽98.55 (vs ₽54.95 in 2Q 2021) Second quarter 2022 results: EPS: ₽98.55 (up from ₽54.95 in 2Q 2021). Revenue: ₽648.0b (up 19% from 2Q 2021). Net income: ₽26.8b (up 79% from 2Q 2021). Profit margin: 4.1% (up from 2.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.1%, compared to a 5.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 03
X5 Retail Group N.V. (LSE:FIVE) agreed to acquire 70% stake in Krasny Yar Group and Slata, Ooo. X5 Retail Group N.V. (LSE:FIVE) agreed to acquire 70% stake in Krasny Yar Group and Slata, Ooo on August 2, 2022. The companies will continue operating under their own brands and retain their business models. Requests for clearance for the deal have been sent to the Federal Anti-monopoly Service and regulators. Tillkännagivande • Aug 02
X5 Retail Group N.V. to Report Q2, 2022 Results on Aug 02, 2022 X5 Retail Group N.V. announced that they will report Q2, 2022 results on Aug 02, 2022 Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 198% share price gain to US$5.95, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 10x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 79% over the past three years. Price Target Changed • Jul 15
Price target decreased to US$32.83 Down from US$39.88, the current price target is an average from 3 analysts. New target price is 6,079% above last closing price of US$0.53. Stock is down 98% over the past year. Tillkännagivande • May 27
X5 Retail Group N.V. Announces Alexander Tynkovan Resigned as Member of Supervisory Board X5 Retail Group N.V. announced that Alexander Tynkovan has resigned as Member of the X5 Supervisory Board with effect from 25 May 2022. Tillkännagivande • May 20
X5 Retail Group N.V., Annual General Meeting, Jun 30, 2022 X5 Retail Group N.V., Annual General Meeting, Jun 30, 2022, at 11:00 Central European Standard Time. Location: Zuidplein 196 Amsterdam Netherlands Agenda: To consider report of the Management Board for the financial year 2021; to consider 2021 Remuneration Report; to consider proposal to adopt the 2021 Financial Statements, with explanation that there is no auditor's statement due to unforeseen circumstances; to consider appointment of Ekaterina Lobacheva as member of the Management Board; to consider appointment of Olga Vysotskaja, Fedor Ovchinnikov and Vadim Zingman as members of the Supervisory Board; and to transact other matters. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: ₽9.20 (down from ₽28.13 in 1Q 2021). Revenue: ₽604.2b (up 19% from 1Q 2021). Net income: ₽2.50b (down 67% from 1Q 2021). Profit margin: 0.4% (down from 1.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 14%, compared to a 4.8% growth forecast for the industry in the United Kingdom. Tillkännagivande • Apr 28
X5 Retail Group N.V. Reports Impairment Loss on Financial Assets for the First Quarter Ended March 31, 2022 X5 Retail Group N.V. reported impairment loss on financial assets for the first quarter ended March 31, 2022. For the quarter, the company reported net impairment losses on financial assets of RUB 435 million against RUB 121 million reported for the same period a year ago. Tillkännagivande • Apr 17
X5 Retail Group N.V. to Report Q1, 2022 Results on Apr 27, 2022 X5 Retail Group N.V. announced that they will report Q1, 2022 results on Apr 27, 2022 Major Estimate Revision • Mar 11
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ₽3.72t to ₽3.58t. EPS estimate also fell from ₽240 per share to ₽203 per share. Net income forecast to grow 69% next year vs 25% growth forecast for Consumer Retailing industry in the United Kingdom. Consensus price target up from US$39.79 to US$42.14. Share price was steady at US$0.53 over the past week. Tillkännagivande • Mar 06
X5 Retail Group N.V. Announces Resignation of Richard Brasher as Member of the X5 Supervisory Board X5 Retail Group N.V. announced that Richard Brasher has resigned as Member of the X5 Supervisory Board with effect from 4 March 2022. Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from ₽3.59t to ₽3.48t. EPS estimate also fell from ₽256 per share to ₽230 per share. Net income forecast to grow 66% next year vs 25% growth forecast for Consumer Retailing industry in the United Kingdom. Consensus price target broadly unchanged at US$40.48. Share price fell 96% to US$0.53 over the past week. Tillkännagivande • Mar 03
X5 Retail Group N.V. Announces Board Resignations X5 Retail Group N.V. announced that Mr. Fridman and Mr. DuCharme have resigned as Members of the X5 Supervisory Board with effect from 1 March 2022. Buying Opportunity • Feb 24
Now 53% undervalued after recent price drop Over the last 90 days, the stock is down 61%. The fair value is estimated to be ₽22.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. Earnings per share has grown by 4.4% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$20.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 3.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$33.09 per share. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$20.57, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Consumer Retailing industry in the United Kingdom. Total loss to shareholders of 5.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$33.87 per share. Upcoming Dividend • Dec 09
Upcoming dividend of US$0.99 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 30 December 2021. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 10%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (4.6%). Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS ₽45.02 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₽543.6b (up 12% from 3Q 2020). Net income: ₽12.2b (up 56% from 3Q 2020). Profit margin: 2.2% (up from 1.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jun 25
X5 Group Restructures Digital Businesses X5 Group announced the restructuring its digital businesses (Vprok.ru Perekrestok online hypermarket, express e-grocery services and Okolo platform) into a separate business unit within X5. The decision has been approved by X5's Supervisory Board. Developing digital businesses is one of X5's priorities under its 2021-2023 strategy. To achieve this, the Company is considering several options that include attracting public market investors, establishing a strategic partnership and growing the businesses organically. X5 plans to complete an in-depth review of strategic options for creating a digital business company during the year. More details about the timeline and the steps X5 will take to develop the new business unit will be communicated in due course. Executive Departure • May 19
Independent Member of Supervisory Board has left the company On the 12th of May, Karl-Heinz Holland's tenure as Independent Member of Supervisory Board ended after 2.7 years in the role. We don't have any record of a personal shareholding under Karl-Heinz's name. A total of 2 executives have left over the last 12 months. Executive Departure • May 19
Chief Financial Officer has left the company On the 17th of May, Svetlana Demyashkevich's tenure as Chief Financial Officer ended after 3.9 years in the role. We don't have any record of a personal shareholding under Svetlana's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS ₽28.13 (vs ₽14.73 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₽507.2b (up 8.1% from 1Q 2020). Net income: ₽7.64b (up 91% from 1Q 2020). Profit margin: 1.5% (up from 0.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS ₽104 (vs ₽71.83 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₽1.98t (up 14% from FY 2019). Net income: ₽28.3b (up 45% from FY 2019). Profit margin: 1.4% (up from 1.1% in FY 2019). The increase in margin was driven by higher revenue. Like-for-like sales growth: 5.5% vs FY 2019 Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 21
X5 Retail Group N.V. Proposes Dividend for the Year 2020, Payable on 25 June 2021 X5 Retail Group N.V. announced that based on the Company's 2020 financial results, the Supervisory Board has proposed to pay dividends in the amount of RUB 30 billion /RUB 110.49 per GDR (gross amount subject to taxes and fees). Together with the interim dividend paid in December 2020, a total dividend for the year will amount to RUB 50 billion, or RUB 184.13 per GDR, which represents 176.4% of net profit under IFRS 16. The proposed dividend will be considered by the AGM on 12 May 2021. The record date for the dividend payment has been set as 28 May 2021, the ex-dividend date as 27 May 2021. The dividends will be payable within 45 days from the AGM date, or by 25 June 2021. Executive Departure • Mar 21
Independent Member of Supervisory Board has left the company On the 18th of March, Karl-Heinz Holland's tenure as Independent Member of Supervisory Board ended after 2.6 years in the role. We don't have any record of a personal shareholding under Karl-Heinz's name. A total of 2 executives have left over the last 12 months. Tillkännagivande • Mar 21
X5 Retail Group N.V. Announces Supervisory Board Changes X5 Retail Group N.V. announced that The Supervisory Board proposes to the Company's upcoming Annual General Meeting of Shareholders the nomination of Richard Brasher to succeed Karl-Heinz Holland, as well as the nomination of Alexander Tynkovan, who previously served as a member of the X5 Retail Group Supervisory Board in 2008-2015. Furthermore, the Supervisory Board has appointed Peter Demchenkov as the new Chairman of the Board. Peter succeeds Stephan DuCharme, who is eligible to remain on the Board and, together with Mikhail Fridman, has been nominated for re-appointment in line with the Board's re-appointment schedule. These decisions were taken by the Board at its meeting on 18 March 2021. Tillkännagivande • Mar 20
X5 Retail Group N.V., Annual General Meeting, May 12, 2021 X5 Retail Group N.V., Annual General Meeting, May 12, 2021, at 11:00 Central European Standard Time. Location: Zuidplein 196, 1077 XV Amsterdam The Netherlands Netherlands Agenda: To consider report of the Management Board for the financial year 2020; to consider 2020 Remuneration Report; proposal to adopt the 2020 Financial Statements and dividend recommendation; to consider remuneration policy for the Management Board; to consider re-appointment of Igor Shektherman as member of the Management Board and CEO; to consider re-appointment of Stephan DuCharme and Mikhail Fridman, and appointment of Richard Brasher and Alexander Tynkovan, as members of the Supervisory Board. Tillkännagivande • Mar 12
X5 Retail Group N.V. to Report Q1, 2021 Results on Apr 27, 2021 X5 Retail Group N.V. announced that they will report Q1, 2021 results on Apr 27, 2021 Is New 90 Day High Low • Feb 22
New 90-day low: US$34.08 The company is down 1.0% from its price of US$34.34 on 24 November 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$139 per share. Tillkännagivande • Jan 28
X5 Retail Group N.V. to Report Fiscal Year 2020 Results on Mar 19, 2021 X5 Retail Group N.V. announced that they will report fiscal year 2020 results on Mar 19, 2021 Is New 90 Day High Low • Nov 24
New 90-day low: US$34.20 The company is down 10.0% from its price of US$37.80 on 25 August 2020. The British market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$79.74 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of ₽25.7b, down 3.3% from the prior year. Total revenue was ₽1.92t over the last 12 months, up 14% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day high: US$39.22 The company is up 12% from its price of US$34.94 on 17 July 2020. The British market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$84.81 per share. Tillkännagivande • Oct 13
Public Joint Stock Company Sovcombank agreed to acquire 50% stake in Tsifrovyye Tekhnologii Budushchego OOO from X5 Retail Group N.V. (LSE:FIVE). Public Joint Stock Company Sovcombank agreed to acquire 50% stake in Tsifrovyye Tekhnologii Budushchego OOO from X5 Retail Group N.V. (LSE:FIVE) on October 12, 2020. Under the terms, Sovcombank will give X5 Retail Group ownership of 1,112 Halva parcel lockers for 50% stake in Tsifrovyye Tekhnologii Budushchego OOO. The lockers will undergo rebranding and will operate under the 5Post brand. The deal is subject to antitrust approval by the Federal Antimonopoly Service. 
