The retail Group N.V will fund demand line of credit of VTB in the volume of 7bln rbl. It is spoken about in the report of the company.
Financing will be given to X5 within the limits of realization of initiatives of the Government on support of sector of retail trade of the country in the form of the one-and-a-half-year demand line of credit.
X5 Retail Group N.V. - the large retail network in the Russian Federation - is formed by the merge of TH "Perekryostok" and the retail network "Pyaterochka". Within the limits of transaction Pyaterochka Holding got TH "Perekryostok" at the Alpha-group, investment fund Templeton and management of the network. In turn, the Alpha-group got the control share holding of the incorporated company. Pyaterochka Holding N.V. on May, 6th, 2005 placed at the London stock exchange 45968144 GDR on $598mln.
For March, 31st, 2008, the network "Pyaterochka" includes 731 own shops, including in Moscow - 321, in St.-Petersburg - 249, in the regions of Russia - 161. The network "Perekryostok" includes 183 own shops in the Russian Federation and Ukraine, including 108 in Moscow. Besides, the company operates 16 hypermarkets. For March, 31st, 711 more franchising shops of the company work in Russia and Kazakhstan.
The net profit of X5 Retail Group in 2007 under IFAS, under preliminary data, grew up 38% to $141.4mln from $102.2mln in 2006. The sales volume for a year grew up 53% to $5.32bln. The total profit grew up 51% to $1.404bln, EBITDA - up 62% to $479.2mln from $296.7mln, EBITDA Margin - up to 9% from 8.5% in 2006.
14.11.2008 10:20 X5
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