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Investec Bnk 25 | LSE:73DK | London | Medium Term Loan |
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TIDMFIVE TIDM73DK RNS Number : 1738T X5 Retail Group N.V. 23 September 2010 X5 and sberbank signed a five year USD 500 million credit facility Amsterdam, 23 September 2010 - X5 Retail Group N.V. ("Company"), Russia's largest retailer in terms of sales (LSE ticker: "FIVE"), today announced that X5 and Sberbank have signed a five year credit facility for USD 500 million in RUR equivalent, with final maturity date in December 2015. The facility will be in a format of a multipurpose credit line. Parties have also agreed to sign the facility on unsecured basis. Credit terms are comparable to the credit terms provided by the leading western banks. The credit line can be utilized in several tranches with varying maturities up to 3 years. Lev Khasis, X5 Retail Group CEO, commented: "We are proud to build on the successful partnership between X5 Retail Group and Sberbank of Russia. We are delighted to extend our long-term relationship with this additional USD 500 million credit facility, which we see as another step in the growing cooperation between Russia's largest bank and Russia's largest retailer. X5's access to substantial long-term financial resources will enable us to seize new opportunities for strategic development and make valuable contributions to Russian retail market development." +----------------------------------+----------------------------------+ | For further details please contact | | | +---------------------------------------------------------------------+ | Egor Voytenkov | Svetlana Vitkovskaya | | Senior IR Manager | Head of PR Department | | Tel.: +7 (495) 662-8888, ext. | Tel.: +7 (495) 662-8888, ext. 31 | | 22 455 | 140 | | e-mail: egor.voytenkov@x5.ru | e-mail: | | | svetlana.vitkovskaya@X5.ru | +----------------------------------+----------------------------------+ Note to Editors: X5 Retail Group N.V. is Russia's largest retailer in terms of sales. The Company was created as a result of a merger between Pyaterochka (soft discounter chain) and Perekrestok (supermarket chain) on 18 May 2006. In June 2008, X5 acquired Karusel hypermarket chain and substantially strengthened its position in hypermarket format. As at 30 June 2010, X5 had 1,514 Company-managed stores located in Moscow, St. Petersburg and other regions of European Russia, Urals and Ukraine, including 1,135 soft discount stores, 275 supermarkets, 62 hypermarkets and 42 convenience stores. As at 30 June 2010, X5's franchisees operated 610 stores across Russia. For the full year 2009 X5's net sales totaled USD 8,717 mln, EBITDA reached USD 736 mln, and net profit amounted to USD 165 mln. For the first half 2010, net sales totaled USD 5,184 mln, EBITDA reached USD 399 mln, and net profit amounted to USD 104 mln. X5 Shareholder structure is as follows: Alfa Group - 47.9%, founders of Pyaterochka - 23.1%, X5 Management - 1.9%, treasury shares - 0.1%, free float - 27.0%. Forward looking statements: This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as" anticipate", "target", "expect", "estimate", "intend", "expected", "plan", "goal" believe", or other words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond X5 Retail Group N.V.'s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements. Any forward-looking statements made by or on behalf of X5 Retail Group N.V. speak only as at the date of this announcement. Save as required by any applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document. This information is provided by RNS The company news service from the London Stock Exchange END STRPGUUABUPUUMW
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