OREANDA-NEWS. On April 13, 2007 X5 Retail Group N.V., Russia's leading retailer in terms of sales (LSE ticker: “FIVE”), announced the decision of the Group Supervisory Board to approve the company’s five year business and financial strategy, reported the press-centre of  X5 Retail Group N.V. In particular, the Supervisory Board supported the management proposal to make a secondary public offering of X5 new ordinary shares during 2007 to raise $1 billion to finance potential M&A deals and organic growth plans. The Group will disclose its business and financial targets and key parameters of the offering in due course.