X5 Retail Group N.V. (GB:FIVE) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
X5 Retail Group N.V. has announced that the Arbitration Court of the Moscow Region has ruled to suspend the company’s corporate rights in its Russian subsidiary, X5 Corporate Centre LLC, following a claim by Russia’s Ministry of Industry and Trade. The decision requires Russian shareholders to accept a distribution of shares, while non-Russian shareholders have an option to do so, with undistributed shares potentially returned to the company or compensated in cash after December 31, 2024. The company is assessing the impact of this ruling and will update its shareholders on the implications and its response plan.
For further insights into GB:FIVE stock, check out TipRanks’ Stock Analysis page.
