Magnit bought back 16.6% of its shares for ₽ 37.4 billion

Retailer Magnit has completed the buyback of its shares held by investors through Russian infrastructure. From shareholders in the US, UK, Germany, Switzerland and other countries, bought back about 16.6% of the company's shares for ₽37.4 billion. Market value of this stake in Magnit is ₽96.5 billion. Settlements with investors holding shares through Euroclear are still ongoing. In addition, the company does not rule out an additional buyback of shares from foreign shareholders.