Magnit put up an offer to buy up to 10% of shares to foreign investors
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The retailer “Magnit” put forward an offer for non-resident investors to buy back up to 10% of its shares. The price is 2215 rubles. for one paper agreed with the government commission. Price 2215 rubles. – this is about 50% of the current market quotes on the Moscow Exchange, the opening price at the auction today is 4501 rubles, Interfax notes.
“As part of the approval process, the buyer has made all reasonable efforts to provide the best possible outcome for non-resident shareholders and resident shareholders controlled by non-residents who wish to exit their investment in Magnit,” the company explains.
We are talking about ordinary shares of Magnit in the amount of up to 10,191,135 shares or up to 10% of all issued and outstanding shares. The buyers are the “daughter” of the company “Magnit Alliance”.
The news is being added.
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