X5 Retail Group N.V. (GB:FIVE) has released an update.
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The Arbitration Court of Moscow has delayed its decision on whether to suspend X5 Retail Group N.V.’s corporate rights in its Russian subsidiary, with the next court date set for April 25, 2024. X5 Retail Group, a leading Russian food retailer known for its Pyaterochka, Perekrestok, and Chizhik brands, continues its operations amid legal challenges. The group reported a substantial presence across Russia, significant financial results for 2023, and forecasts future uncertainties in its operations due to external factors.
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