Krasnodar, 30 April 2025: Magnit ("Company" or "Magnit"; MOEX: MGNT), one of the leading retailers in Russia, announces the acquisition (through its main operating subsidiary AO Tander) of a controlling stake in the authorized capital of OOO Gorodskoy Supermarket ("Azbuka Vkusa"), which operates premium retail stores.

The transaction will be completed upon receipt of the relevant approval from Russia's Federal Anti-Monopoly Service and the fulfillment of a number of other conditions agreed upon by the parties.

Azbuka Vkusa operates 171 stores within several formats: Azbuka Vkusa supermarkets (107 stores), Azbuka Daily minimarkets (59 stores) and AV Market hypermarkets (five stores). Most are located in the city of Moscow (138 stores) and the Moscow region (23 stores). The rest are in Saint Petersburg. It also has an online delivery business from its own stores and provides catering and other services.

The total retail area of the acquired assets comprises 100,400 square meters, of which about 77,900 square meters are supermarkets and 11,900 square meters are minimarkets.

The deal also includes five culinary, bakery and confectionery production facilities. Azbuka Vkusa factory kitchens make more than 5,700 different types of products, with a daily output of up to 75 tons.

As part of the deal, Magnit is also acquiring three distribution centers and warehouse infrastructure, with a total area of ​​47,000 square meters, in Moscow and Saint Petersburg.

Magnit plans to keep the Azbuka Vkusa brand name, as well as a key management team, to ensure continuity and development of the unique customer experience that the chain's customers value. Representatives of Magnit will be involved in strategic management of the Azbuka Vkusa business.

Yevgeny Sluchevsky, general director of PAO Magnit:

"The Azbuka Vkusa brand is well known for its wide range of high-quality and exclusive products, as well as its high level of service and loyal customer base.

The acquisition of Azbuka Vkusa give us an opportunity to substantially strengthen our retail positions in Moscow and enter into a principally new segment for us, premium retail, which will enable us to cover practically all consumer objectives in food retail.

In recent years, Azbuka Vkusa has practically not opened any new stores. After this deal, the company may receive a new impetus for development. Azbuka Vkusa's CVP is one of the strongest in its segment, with demand in cities with a population of over a million.

A strong point is Azbuka Vkusa's ready-made food. This expertise will help improve and expand the offerings of Magnit Group stores in a segment that is currently the fastest growing in retail."

Denis Sologub, president of OOO Gorodskoy Supermarket (Azbuka Vkusa):

"Azbuka Vkusa is a unique company focused on providing the best customer experience.

We are excited about this new chapter in our company's history, which we are opening together with Magnit and its strong team focused on ambitious development.

We are confident in the synergy effect of combining efforts. Azbuka Vkusa's experience with a unique product range, its own production facilities and online services, combined with Magnit's scale and resources, will certainly ensure further improvement of the entire Russian consumer market."

Corporate news from global emerging markets companies, provided by the IntelliNews Press Release service.