Magnit bought out 21.5% of shares from foreign investors

Retailer Magnit has closed a deal to buy back shares from foreign investors who owned 4.9% of the company through the international depository Euroclear. Previously, the company purchased from foreign investors 16.9 million shares accounted for in the Russian depository and settlement infrastructure, representing 16.6% of the authorized capital. Thus, a total of 21.9 million shares, or 21.5% of the authorized capital, were repurchased for ₽48.5 billion.