World News: 11:33 GMT Friday 12th January 2018. [EQS Group via SPi World News]
MAGNIT PJSC (MGNT)
January 12, 2018
Magnit Announces the Change of Share by the Entity under the Issuer's Control
Krasnodar, Russia (January 12, 2018): Magnit PJSC, one of Russia's leading retailers (the 'Company', the 'Issuer', MOEX and LSE: MGNT), announces the change of share by the entity which is under the Issuer's control.
Public Joint Stock Company 'Magnit' is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2017, Magnit operated 36 distribution centers and 15,697 stores (11,743 convenience, 432 hypermarkets and 3,522 drogerie stores) in 2,664 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2017, Magnit had revenues of RUB 555 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
|OAM Categories:||3.1. Additional regulated information required to be disclosed under the laws of a Member State|
|End of Announcement||EQS News Service|
Read More: http://www.dgap.de/dgap/News/?eqsNewsID=1668597
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.