Flash Report /
Russia

Magnit to acquire Dixy for RUB92.4bn – Positive

  • Magnit (MGNT RX / MGNT LI: O/W, TP RUB6,670 / $19) announced an agreement to acquire Dixy for RUB92.4bn

  • Deal rational: quick gateway to expand into lucrative regions and reduce gap vs X5

  • At this stage Magnit reiterated its 2021 guidance published in February as well as 2021-25 longer-term targets.

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Olesya Vorobyeva
Olesya Vorobyeva

Analyst, TMT, Agro and Retail

Alfa
18 May 2021
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