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X5 Falls on Speculation Rogachev May Sell His Stock

 X5 Retail Group NV, Russia’s largest food retailer, fell in London trading on speculation billionaire Andrei Rogachev may sell some of his stake after accepting company shares as partial payment for his Carousel superstore chain.X5 slid 80 cents, or 2.3 percent, to $34.40, reversing a gain of as much as 8 percent. The Moscow-based company agreed yesterday to use new shares for a quarter of the $925 million it paid for Carousel. The transaction value rises to $940 million after including the chain’s brand and intellectual property.

“We don’t want to sell the shares on the market,” Rogachev said in a telephone interview. “We are not in any rush. We don’t need money urgently.”

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