OREANDA-NEWS  Magnit has closed a deal to purchase a controlling stake in Azbuka Vkusa. This is reported by RBC with reference to the company's statement.

Magnit acquired 81.55 percent of shares in the authorized capital of LLC City Supermarket, which manages the Azbuka Vkusa stores.

"The scope of the transaction includes five of its own culinary, bakery and confectionery industries, as well as three distribution centers and warehouse delivery infrastructure with a total area of 47 thousand square meters. m, located in Moscow and St. Petersburg," Magnit representatives note.

Analysts estimated the cost of the acquired package at 30-35 billion rubles. The retail chain intends to preserve the brand and the company's management.

The Federal Antimonopoly Service (FAS) has already agreed a deal to purchase the chain, which operates 171 stores in Moscow, the Moscow region and St. Petersburg, as well as provides online delivery and catering services. The agency explained the decision by saying that the company's share in the food retail segment by the end of 2024 does not exceed 25 percent in each of the administrative-territorial entities in which retail facilities are located, so the deal will not limit competition.