Wal-Mart again in talks to buy Russia’s Kopeika: report

MOSCOW (BestGrowthStock) – Wal-Mart Stores Inc (WMT.N: ), the world’s largest retailer, is again competing with Russian retailer X5 (PJPq.L: ) to buy retailer Kopeika, the business daily Vedomosti reported.

Wal-Mart, which has global expansion as a key priority, has been in talks with several Russian retailers in recent years. Talks to buy Kopeika have been going on sporadically since 2002.

In September, Russia’s Federal Antimonopoly Service (FAS) cleared the way for X5 to purchase Kopeika, but X5’s interest in the acquisition has since decreased, Vedomosti reported, citing company sources.

Wal-Mart’s international sales rose about 11 percent last year, topping $100 billion for the first time. International sales account for about a quarter of the company’s overall sales.

Wal-Mart again in talks to buy Russia’s Kopeika: report