Dixy

Magnit completes acquisition of DIXY

Thursday, July 22, 2021 - 3:08pm

The parties have closed the transaction through Magnit's main operating subsidiary JSC "Tander" having acquired 100% of shares in DIXY Holding Limited (Cyprus).

Key Points: 
  • The parties have closed the transaction through Magnit's main operating subsidiary JSC "Tander" having acquired 100% of shares in DIXY Holding Limited (Cyprus).
  • The DIXY business is expected to remain a separate legal entity with the stores operating under the existing brands.
  • Depending on the quality of locations, the overlap with the existing Magnit stores, operational and financial performance, some adjustments to the Dixy and Megamart chains are possible at a later stage.
  • We are pleased to welcome a team of over 40,000 strong professionals at Dixy to the Magnit family.

Magnit announces approval by the Federal Antimonopoly Service of the DIXY business acquisition

Friday, July 16, 2021 - 1:51am

Krasnodar, Russia (July 15, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces it has received an approval from the Federal Antimonopoly Service ("FAS") in connection with the acquisition of 100% shares of the DIXY Holding Limited (Cyprus) by JSC "Tander", main operating vehicle of Magnit.

Key Points: 
  • Krasnodar, Russia (July 15, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces it has received an approval from the Federal Antimonopoly Service ("FAS") in connection with the acquisition of 100% shares of the DIXY Holding Limited (Cyprus) by JSC "Tander", main operating vehicle of Magnit.
  • According to the agreement Magnit acquires a holding entity for a group of companies that operate convenience stores under the DIXY brand and superstores under the Megamart brand in three federal districts.
  • As part of the transaction Magnit will also acquire distribution centers and a truck fleet.
  • No further approvals after today's clearance by Federal Antimonopoly Service are required.