Wal-Mart Enters Russian Market

Wal-Mart held talks with several potential partners from Russia on the Russian market the head of Walmart International (a unit that is responsible for international markets) Doug McMillon told Reuters. At the same time, he said, the company continues to seek "the most appropriate way" for its appearance in Russia.

Top-manager of Wal-Mart noted that as one of the most attractive options for entering the Russian market for the company is considering a Russian company. "Most likely, this is the best way," - said D. McMillon.

In May this year it became known that Wal-Mart Stores Inc. intends to acquire 100% stake of Russian grocery retailer "Lenta". Currently, the company conducted preliminary discussions on this issue. According to sources close to the negotiations the formal conclusion of the transaction may take from several months to a year.

In 2008 Wal-Mart opened an office in Moscow and registered a 100 per cent subsidiary in Russia OOO "ВМ истерн юроп холдингз, ЛЛК". The company entered the Russian Association of Retailers lobbying interests of Russian trade networks.

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