VTB Group announces intention to sell its stake in Magnit
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Monday, November 22, 2021
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VTB Group announces intention to sell approximately 17.28% of ordinary shares of PJSC "Magnit" ("Magnit" or the "Company").
Key Points:
- VTB Group announces intention to sell approximately 17.28% of ordinary shares of PJSC "Magnit" ("Magnit" or the "Company").
- VTB Group has agreed to sell 12.13% of ordinary shares of PJSC "Magnit" to Marathon Group in the Private Sale.
- As a result of the Transaction VTB Group intends to fully divest its stake in PJSC "Magnit".
- Such information is not the responsibility of VTB Capital plc, VTB Bank (PJSC), LLC "VTB Infrastructure Investments" or Marathon Group and has not been independently verified by VTB Capital plc, VTB Bank (PJSC), LLC "VTB Infrastructure Investments" or Marathon Group.