Magnit announces capital raise, CEO sells share block

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Magnit announces capital raise, CEO sells share block

Sam Kerr
November 14, 2017 05:30 PM
PA-MagnitCEO
MOSCOW, RUSSIA - OCTOBER 3, 2017: Sergei Galitsky, general director of Russian retailer Magnit, president and owner of FC Krasnodar, attends a meeting of the Council for the Development of Physical Fitness and Sport. The meeting reviews the 2017 FIFA Confederations Cup and discusses preparations for the 2018 FIFA World Cup in Russia. Mikhail Metzel/TASS | Mikhail Metzel/Tass/PA Images

The CEO of Russia’s largest retailer Magnit is selling a block of Rb41.4bn ($700m) worth of Moscow-listed shares, to fund his subscription to a capital increase, also announced this evening.

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Central and Eastern Europe (CEE)EquityVTB CapitalBank of AmericaABBs-Block TradesEuropeEmerging MarketsCEE EquityEMEACEERussia
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Sam Kerr
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