Russia's third biggest food retailer sold

6 Dec, 2007 09:27 / Updated 16 years ago

Mercury holding has acquired a 51 % stake in Dixy, Russia's third biggest supermarket chain.

The market value of the deal is estimated at about $US 443 million. Mercury plans to increase Dixy's share of the Russian food retail market. The company already manages Moscow's Tsum department store and has a range of luxury goods outlets.