MAGNIT

Magnit is the fastest growing Russian food retailer.
 

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.

Co-investors

Key facts

  • 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.

Investment strategy

Growth of the middle class
Regional development
Improving efficiency of industry