14 Dec 2011 16:04

Shareholders in Magnit buy 1.5 mln shares by preferred right as part of a SPO

MOSCOW. Dec 14 (Interfax) - Shareholders in Russian retailer OJSC Magnit bought back 1,468,634 shares at $85 each as part of their preferred right, the company said in a statement.

Applications for the buyback of 2,562,333 shares were submitted, the company said.