Russia’s largest trading network carefully reviewed their financial momentum.
From March 2019 in the circles of the “kings” of supermarkets in Russia has been considerable debate about who would get shares of popular network “Lenta”. We will remind that for the right to struggled “Severgroup” and shareholders “the Magnet” who wanted to buy 100% “Ribbons” for $ 1.78 billion
After a long silence, “Magnet” declined from the absorption of a competitor and any big financial transactions. Substantiated reason the company has not called, trying to get away with his words about the future plans for the local monopoly and raised taxes. However, it is connected may be fallen in 1,5 times – to 3,5 billion roubles, net profit of “Magnet” in the first quarter of 2019.
According to reports in social networks, every day in the Russian provinces to open more shops “Magnet”. Whereas in one place the thoughts “is Now alive” his appearance was waiting for a long time, the other shopping network is in the epicenter of the competition, it is likely that the extremely negative impact on the next reporting quarter.
To influence the decision “the Magnet” could and indignation buyers of “Tape”. They have long resisted the idea of absorption, considering that the quality of the products will fall sharply. In this case, the purchase of a Magnet “Tape” in full would be a complete fiasco. Though to refuse the services of “Magnet” customers continue and no major transactions on acquisitions.
April 25 was officially announced that “Tape” sold by Alexey Mordashov from “Severgroup”.