OREANDA-NEWS  On 15 October was announced, that X5 Retail Group N.V., Russia's largest retailer in terms of revenue (LSE ticker: “FIVE”), confirmed that Alfa-Group will not sell or reduce its stake in the Company.

Michail Fridman, Chairman of the Supervisory Board of Alfa-Group, commented: “The situation with the pledged shares is totally under control and we see no risks associated with potential loss or sale of these shares. Clearly, Alfa-Group is a long-term investor in X5, we see huge growth potential in this company, plan to further develop it and do not rule out further investments into it.”