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New Deal


Announced

Marathon to acquire a 12.4% of share in Magnit from VTB for $983m.

Financials

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Transaction Value£730m
Consideration TypeCash
Capital Owned17%
Capital Bid For12%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Diversified Retailers

diversified retailers

Russian Federation

Single Bidder

Acquisition

Public

Private Equity

Pending

Minority

Domestic

Friendly

Synopsis

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Marathon Group, a diversified investment company, agreed to acquire a 12.4% of share in Magnit, a food retailer, from VTB Bank, a financial services provider, for $983m. Marathon Group will increase its stake in the Company to approximately 29.2%, becoming the largest shareholder of Magnit.

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