(Bloomberg) -- X5 Retail Group NV, Russia's largest supermarket company, said it intends to raise $1 billion through a secondary share sale for expansion that may include acquiring the Carousel superstore chain.
X5 will sell the shares this year, the company said in a today in a Regulatory News Service statement. X5 didn't give more details on the sale or say what banks would manage it.
Read more at Bloomberg Emerging Markets News
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