Russia's largest grocery retailer Pyaterochka Holding is in talks to acquire the Merkado brand in Moscow, Russia.

In a statement released this morning, the retailer said: “Pyaterochka Holding confirms that it is currently engaged in negotiations which may lead to the acquisition of a chain of retail stores and real estate operating under the Merkado brand.”

Pyaterochka merged with rival chain Perekrestok in May this year.