15th Feb 2010 07:00
Press-release
Krasnodar
February 15, 2010
Krasnodar, February 15, 2010: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) receives "Best Deal of the Year" Award in Eastern Europe for 2009 from Business New Europe Magazine.
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Business new europe (bne) magazine voted Magnit's secondary offering "Best Overall Secondary Offering" deal in Eastern Europe for 2009. Business new europe "Deals of the Year" poll was conducted for the first time and is based on opinions from issuers, investors and investment banks across the region covered by the publication. "Russian supermarket chain Magnit's $527m offering, which took the form of Global Depositary Receipts combined with a pre-emptive rights issue, was the largest secondary share sale from Russia since the onset of the global credit crunch and attracted strong demand from both domestic and international investors", the bne editors mentioned.
The full text of the article is available at http://www.businessneweurope.eu/story1932/Deals_of_the_Year_2009__Riders_on_the_storm Business new europe (bne) is a business magazine published in the UK since 2006 and the only publication covering business, finance, economics and politics in the 30 countries of Central, Eastern and Southeast Europe, the Balkans and Central Asia. |
For further information, please contact:
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Oleg Goncharov
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Director, Investor Relations
e-mail: [email protected]
Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100Mob.: +7 (903) 411-40-35Direct line for investors only: +7 (861) 277-45-62
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Dina Svishcheva
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Manager, Investor Relations
e-mail: [email protected]
Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101
Mob.: +7-961-511-02-02
Direct line for investors only: +7 (861) 277-45-62
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Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of December 31, 2009 the chain consisted of 3,204 convenience stores and 24 hypermarkets in 1,048 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of December 31, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,453 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for the six months ended June 30, 2009, the Company recorded consolidated revenue of approximately US$2,378 million and consolidated EBITDA of around US$224 million.
Related Shares:
MGNT.L