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Marathon “is more likely to increase its stake” in Magnit

Russia-based Marathon Group has bought 12 percent in Russian food retailer #Magnit for $1bn. The deal follows the acquisition Sergey #Galitsky's stake by VTB.

End of an era as Galitsky steps away from the Magnit counter

Sergey #Galitsky, founder and majority stakeholder in Russian retailer #Magnit has sold a 29% stake to #VTB for RUB138 Bn (USD $2.45Bn)