The co-owner of Magnit, Alexander Vinokurov, is already trying to build a large pharmacy network in partnership with Alfa Group, whose former employee was recently. But the market is too hot. Will Vinokurov succeed in achieving significant success with the help of Sergei Galitsky's brainchild?
The general director of "Magnit" Khachatur Pombuchkhan could not explain clearly why the retailer should buy shares of the pharmaceutical "SIA Group". To speak directly about the fact that the new shareholders of the network will use it to pump out finances from it, he could not by the post.
The retailer will buy a distributor of SIA Group from its shareholder, Marathon Group, the son-in-law of Russian Foreign Minister Sergey Lavrov. The market reacted to this by the fall of the shares of Magnit.
VTB Group sold 11.82% of Magnit's shares to Marathon Group, the son-in-law of Foreign Minister Sergei Lavrov, Alexander Vinokurov. As a result, VTB's share decreased to 17.28%. The amount of the transaction was at least 60 billion rubles.
Taking into account the interim dividends for 2017, the shareholders of Magnit will receive 69.5% of last year's profit of the retailer.
VTB will acquire a 29% stake in Magnit for 138 billion rubles and become the largest shareholder of the retailer. Sergey Galitsky will leave the company.
Sergey Goncharov, who was responsible for them and cosmetics stores, left the company.