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Russia’s X5 retail group to buy St. Petersburg chain from Finland’s Prisma

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Russian retail group X5 said on Thursday it had agreed to acquire the Prisma retail chain in St. Petersburg from Finnish firm SOK Retail.

Western firms have been offloading their Russian assets at cut prices following the imposition of Western sanctions in response to Moscow sending tens of thousands of troops into Ukraine in late February. (Reporting by Reuters Editing by Mark Potter)



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