Retailer Magnit closed a deal to buy back 7.8% of its shares from foreign shareholders as part of an additional tender offer. In total, following two tender offers and a bilateral transaction in October 2023, the subsidiary Magnit Alliance LLC acquired a 29.7% stake in Magnit.

Magnit's Board of Directors has recommended paying dividends of ₽412.13 per ordinary share. Last day to purchase securities to receive dividends is January 10, 2024. Dividend yield could be 6.52%.

Dixy chain launched a pilot project to equip its stores with electronic price tags. Retailer hopes that given the shortage of personnel in the industry, the new technology will in the long term allow to increase the efficiency of employees' work by redistributing their time to other important processes within the store. Decision on further scaling of the pro...

Retailer Magnit will open up to 25 more MCosmetic stores in Uzbekistan by the end of the year. First store MCosmetic in Uzbekistan opened in April 2022. Today the network is represented by 45 retail outlets, 33 of them opened in 2023.