Magnit buys one of the largest retail chains in the Far East. The company has already agreed to acquire 33% of the owner of the Samberi stores; Magnit will buy the remaining shares within five years through an option.
Retailer Magnit announced a deal to buy a 33.01% stake in the company that owns Samberi stores in the Far East. This was reported by the company’s press service.
The transaction is expected to close in summer 2024. Magnit will also receive an option to purchase the remaining shares of DV Nevada within five years.
“The transaction will be carried out after receiving the corresponding approval from the Federal Antimonopoly Service and meeting a number of other conditions agreed upon by the parties,” Magnit said.
Experts from the analytical company INFOLine estimated the Samberi network at 20-25 billion rubles. Thus, a 33% stake could cost between 6.6 and 8.3 billion rubles, RBC writes.
The Samberi chain includes more than 290 stores: hypermarkets, supermarkets, minimarkets and discount stores.
Author:
Kirill Bilyk
Source: RB
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