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. Last Updated: 07/27/2016

X5 to Spend on Expansion in 2009

X5 Retail Group plans to spend more on its discount chain expansion next year than in 2009, as it hopes to win market share at the expense of distressed rivals.

“In 2010 we are planning to noticeably increase capital expenditures compared with 2009,” CEO Lev Khasis told reporters Thursday.

(Reuters)