Magnit completes acquisition of DIXY
Retrieved on:
Thursday, July 22, 2021
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.