Friday, April 3, 2009

German companies adjust approach to deals in Russia

German companies adjust approach to deals in Russia

German companies looking to Russia for opportunities to expand are not discouraged by the economic downturn, but they have sharpened their focus on retailing, particularly the food sector. Major German supermarket chains, including Aldi and Liddl, are looking for acquisition targets in Russia. Analysts said Russian companies that handle about 27% of food retailing in the country are looking for buyers

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