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Friday, February 16, 2018

Russia's $2.5 bln Magnit sale is governance downer

Founder Sergey Galitskiy is selling most of his 32 pct stake in the supermarket and vacating his role as CEO. While the company has struggled, his interests and those of minority shareholders were aligned. With state bank VTB stepping in, incentives could become more complicated.

from Google Alert - Internet Governance http://ift.tt/2F8mgCb

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