Support The Moscow Times!

Wal-Mart in Kopeika Hunt

Wal-Mart Stores, the world’s largest retailer, may buy Russia’s Trade House Kopeika, Vedomosti reported Friday, citing people familiar with negotiations.

Billionaire Nikolai Tsvetkov, who owns Kopeika, values it at about 50 billion rubles ($1.7 billion) and did not want to sell it to X5 Retail Group for less, the newspaper said.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.