RDIF, Russia-China Investment Fund (RCIF), the joint fund of RDIF and China Investment Corporation (CIC), and other leading institutional co-investors participated in equity offering of PJSC Magnit. Magnit is the Russia’s largest retailer.
- The Company is focused on low-end market segment in Russian regions and therefore is highly resilient to adverse macroeconomic environment.
- Magnit provides access to affordable quality products to consumers in the regions of Russia.
Growth of the middle class
Improving efficiency of industry