Sale of Prisma Stores in St Petersburg
We advised Suomen Osuuskauppojen Keskuskunta when it sold the company responsible for St Petersburg Prisma business to Russian X5 Group. As a result of the transaction, the responsibilities for store leases and personnel will be transferred to X5 Group. The transaction does not include any rights to use S Group trademarks. The transaction was approved by Russian Antimonopoly Service (FAS) on 15 June 2022.
X5 Group is the largest grocery store chain in Russia, including chains such as Pyaterochka and Perekrestok.
S Group is a Finnish network of retail and service companies with more than 1,900 locations in Finland. S Group consists of cooperatives and Suomen Osuuskauppojen Keskuskunta (SOK) with its subsidiaries.