X5 Retail Group (GB:FIVE) has released an update.
X5 Retail Group N.V. has announced the loss of its appeal against a Moscow Court decision, which orders the transfer of shares from its Russian subsidiary, X5 Corporate Center LLC, to Russian shareholders and offers non-Russian shareholders a cash compensation option. The company is exploring further legal actions to protect its interests, as well as analyzing the implications of the cash compensation for shareholders. Further details will be communicated to shareholders in an upcoming meeting.
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