Potential Acquisition: Magnet Company by Tenta Organization
Magnit is shaking things up by offloading its hypermarkets, according to reports. Insiders claim that negotiations are already in progress.
The retail giant has its sights set on nurturing small stores. It's rumored that Lenta is the leading candidate looking to snag Magnit's retail spaces. The nitty-gritty of any potential deal remains under wraps.
Industry experts estimate that Magnit's entire network of supermarkets and hypermarkets could fetch around 100 billion rubles. It's worth noting that more than 10 stores closed shop from January to April 2025, and last year saw the shutdown of 31 outlets.
Magnit is striving to create a versatile retail model catering to diverse customer needs and aiming to be the go-to store for Russian families. Their portfolio spans various retail formats including convenience stores and more [1][5]. Despite the lack of specifics about hypermarket sales, the company enjoyed robust financial results in Q1 2025, surpassing expectations, and even initiated a share buyback program due to strong foreign demand [2][3].
I'm not sure about the exact details, but it seems that Magnit might be focusing more on smaller stores within the retail sector, potentially divesting from its hypermarkets. Given the financially strong position of Magnit, this move could open opportunities for other retail businesses or companies specializing in the finance industry.
