Announced
Financials
Sources
Tags
Diversified Retailers
diversified retailers
Russian Federation
Single Bidder
Acquisition
Public
Private Equity
Pending
Minority
Domestic
Friendly
Synopsis
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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