Magnit to acquire Russian retail chain DIXY for $1.25bn
Russian retailer Magnit, via its main operating subsidiary – Tander, will acquire DIXY Holding, the holding company for DIXY retail chain in Russia, for RUB 92.4 billion ($1.25 billion) DIXY presently operates 2,651 convenience stores in Russia whose 2020 annual revenue was RUB 281.4 billion. DIXY Holding also owns 39 superstores in Russia under the […]