Retailer Magnit offered to buy back up to 10.191 million shares from non-residents at a price of ₽2215 per share. Offer is addressed both to the owners of the shares and JPMorgan Chase Bank in respect of the shares accounted for in the depo account of the depository programs. Now Magnit's shares on Moscow Exchange are worth about ₽4600. Thus, the discount is about 50%. About ₽22.57 billion can be allocated to the buyback.
Retailer Magnit offered to buy back up to 10.191 million shares from non-residents at a price of ₽2215 per share. Offer is addressed both to the owners of the shares and JPMorgan Chase Bank in respect of the shares accounted for in the depo account of the depository programs. Now Magnit's shares on Moscow Exchange are worth about ₽4600. Thus, the discount is about 50%. About ₽22.57 billion can be allocated to the buyback. 
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