Retailer Magnit has begun testing the format of mini-markets at home. Area of such outlets - from 80 to 100 square meters, which is three times smaller than the standard stores of the network. Assortment of retail outlets will have 1300-1600 items. Retailer has already opened three mini-markets in Moscow and Moscow region under the name Magnit near. Such out...

Retailer Magnit has leased a 32,000-square-meter logistics complex at the Rusich-Shushary Industrial Park in St. Petersburg. In the second quarter of 2024, a multi-temperature distribution center will be opened there. At the launch stage, the hub will ship products to more than 450 stores of different formats in St. Petersburg and the Leningrad Region, with...

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%.