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+1 MARKETPLACE. MAGNIT BUYS KAZANEXPRESS ONLINE STORE

One of the largest grocery chains in Russia, Magnit, is going to buy out the KazanExpess online store, one of the owners of which is AliExpress Russia. On the basis of the company, the network intends to create its own online trading platform "Magnet-Market". The value of the transaction is currently unknown. KazanExpess is on the list of the 30 most expensive Russian Internet companies, according to Forbes. A message appeared on the retailer's website that Magnit had come to an agreement with Kazan Express to purchase 100% of the latter. The trading network will progressively outbid the shares of all co-owners. On the basis of the company being bought out, Magnit will create its ...

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