Magnit’s biggest shareholder sells shares and leaves CEO position

Date : 16 February 2018
Sergei Galitskiy, Magnit’s biggest shareholder and CEO, sold 29% of the company’s share to state Russian bank VTB and left his role. As of 16 Feb 2018, Sergei Galitskiy withdrew from his role as CEO of Magnit (JSC Tander) and retained a 3% share of the company. Impact on Magnit’s strategy for…
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