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X5 Retail to sink $2bn into logistics
RBC, 27.01.2012, Moscow 10:40:59.X5 Retail Group intends to invest up to $2bn in the construction and acquisition of about 1m square meters of warehouses over the next five years, RBC Daily reported today, citing two market sources. As of the end of September 2011, the retailer operated 29 warehouses measuring 513,600 square meters, of which it owns five warehouses or 140,000 square meters, while the rest is held under a lease.
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