Russia's X5 retailer compensates former Dutch holding for undistributed shares

MOSCOW. July 31 (Interfax) - PJSC X5 Corporate Center (X5) has compensated its former Dutch holding X5 Retail (MOEX: X5) Group for undistributed shares, the Russian retailer said.

The amount of compensation has not been specified.

X5 said that the subcommittee of the Russian government commission overseeing foreign investments approved the payment.

X5 previously received a demand from the former holding company to compensate for undistributed shares arising from X5's offer to distribute securities that resulted in most of the Dutch company's securities holders becoming shareholders in X5.

At the end of September 2024, X5 completed distributing the Dutch company's GDRs for shares of the public joint stock company to holders of securities in foreign and Russian depositories. The amount of undistributed securities is approximately 10.22%, the Dutch company said.

X5 is Russia's largest retailer in terms of revenue, with the group uniting 28,301 stores as on June 30, 2025.