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Russia's Magnit Completes $736m Buyback From Foreign Shareholders

Russian retailer Magnit has purchased an additional block of shares from foreign shareholders, completing a buyback of around $736 million. ....

Magnit Alyans ,

Magnit : becomes the owner of 29.7% of its shares following completion of the purchase from non-resident shareholders -November 24, 2023 at 11:07 am EST

24 November, 2023

Krasnodar, Russia

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION. ....

Magnit Alyans , Government Commission , Tender Offer Memorandum , Tender Offer Memorandum , Tender Offer , Purchase Price ,

Russia's Magnit completes $736 mln buyback from foreign shareholders

Russian retailer Magnit said
on Friday it had purchased an additional block of shares from
foreign shareholders, completing a buyback worth around $736
million that has given Western investors a. ....

Magnit Alyans , Gareth Jones , Alexander Marrow Editing ,

Russian Retailer Magnit To Buy Back 7.8% Of Shares In Additional Tender

Magnit said that foreign shareholders had tendered shares representing about 7.8% of the company in an additional, discounted buyback offer worth about RUB 17.5. ....

Magnit Alyans ,

Russia's Magnit Launches Extra Buyback Offer After Strong Foreign Demand

Magnit announced an additional offer to buy back blocked shares, giving more Western investors an opportunity to withdraw funds from Russia. ....

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