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Announced

X5 Retail Group to acquire Mnogo Lososya.

Synopsis

X5 Retail Group, a Russian food retailer, agreed to acquire Mnogo Lososya, a dark kitchen company. Financial terms were not disclosed. "Capitalising on X5's investments, infrastructure and expertise, we are one step closer to our dream, which is to offer fast delivery of high-quality and diverse food to as many people as possible, thus maximising the time they can spend on socialising and pastimes. To this end, we plan to build more kitchens, launch new brands and strive for higher speed and quality of our product offering," Alexander Mutovin, Mnogo Lososya Co-Founder.

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