Flash Report /

Russia: MSCI to raise Magnit’s FIF after the close on 30 November – Positive

  • The MSCI has announced that it will increase Magnit’s free float coefficient (FIF) from 0.65 to 0.7

  • Following the recent sale of VTB’s 17.3% stake in Magnit, a 4.9% stake was sold to the market via an ABB

  • We calculate passive inflows of $30 mn into MGNT, equivalent to 0.9-times the combined 30-day ADTV of the Moscow shares

John Walsh
John Walsh

Equity Strategist

25 November 2021
Published by