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Retail - Magnit

Magnit Obtains Leasehold Rights For 56 Edelweiss Outlets

Russian retailer Magnit has announced it has reached agreement for the long-term leasehold rights for 56 stores currently operating under the Edelweiss bra...

Russia's VTB Bank Fully Divests From Magnit

Russian lender VTB sold a 4.9% stake in food retailer Magnit via an accelerated bookbuilding (ABB) process at RUB5,700 ($78.28) per share, fully divesting...

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Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days