DERBENT

Correction: Magnit Enters the Dagestan Market

Retrieved on: 
Thursday, March 18, 2021
Magnit, Head of the Republic of Dagestan, Sergey Melikov, Companies

Further to the "Magnit Enters the Dagestan Market" announcement released on March 18, 2021 at 11:30 London time PJSC Magnit (the "Company") advises that it incorrectly stated the period of stores opening in Dagestan region.

Key Points: 
  • Further to the "Magnit Enters the Dagestan Market" announcement released on March 18, 2021 at 11:30 London time PJSC Magnit (the "Company") advises that it incorrectly stated the period of stores opening in Dagestan region.
  • The document was signed by Abdulpatakh Amirkhanov, Chairman of the Government of the Republic of Dagestan, and Jan Dunning, President and CEO of Magnit, in the presence of Sergey Melikov, Acting Head of the Republic of Dagestan.
  • In the next five years, Magnit plans to open about 120 convenience and about 60 Magnit Cosmetic stores in the Republic.
  • We plan to open the stores of our two most popular formats in the Republic, namely Magnit Convenience and Magnit Cosmetic.

Magnit Enters the Dagestan Market

Retrieved on: 
Thursday, March 18, 2021
Magnit, Head of the Republic of Dagestan, Sergey Melikov, Russian culture, Dagestan, Language geography, North Caucasus

Krasnodar, Russia (March 18, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, and the Government of the Republic of Dagestan signed a cooperation agreement under which the Company plans to open around 180 stores in the region in the next three years.

Key Points: 
  • Krasnodar, Russia (March 18, 2021): Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, and the Government of the Republic of Dagestan signed a cooperation agreement under which the Company plans to open around 180 stores in the region in the next three years.
  • The document was signed by Abdulpatakh Amirkhanov, Chairman of the Government of the Republic of Dagestan, and Jan Dunning, President and CEO of Magnit, in the presence of Sergey Melikov, Acting Head of the Republic of Dagestan.
  • In the next five years, Magnit plans to open about 120 convenience and about 60 Magnit Cosmetic stores in the Republic.
  • We plan to open the stores of our two most popular formats in the Republic, namely Magnit Convenience and Magnit Cosmetic.