Deal overview

Deal overview
Target MAGNIT PJSC
Bidder VTB BANK JSC
Price £70.00 Full version or £25.00 Light version
Publication Date Feb 16, 2018
Abstract On 16 February 2018, VTB Bank JSC ("VTB"), a Russian banking group, announced that it had agreed to acquire a 29.1% stake in the quoted Russian grocery retailer Magnit PJSC ("Magnit"). The stake would be acquired from Magnit's founder Sergey Galitskiy, for RUB 138.22 billion, or RUB 4,660.91 per share. Mr Galitskiy, who would retain around 3% of Magnit's share capital, would ...
Number of pages (Full version) 7
Number of pages (Light version) 2
Format Adobe Acrobat (Download Acrobat Reader)
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