bne_newspaper_February_16_2018

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Content:
2 Top Stories
8 The Regions This Week 11 Chart
12 Central Europe
15 Southeast Europe
18 Eastern Europe 21 Eurasia
24 Opinion
28 Lists24 Lists
February 16, 2018 www.intellinews.com
Galitsky sells 29% stake in Magnit
to VTB for $2.4bn
Ben Aris in Berlin
Sergei Galitsky, founder of Russia’s regional su- permarket chain Magnit, has called it a day and sold most of his shares to state-owned banking powerhouse VTB for RUB138bn ($2.4bn).
Long an investor’s darling, Magnit has lost its mojo in the last two years and has been overtaken in revenue and market capitalisation by its close
Saakashvili deported from Ukraine
Ben Aris in Berlin
Ukraine’s would-be opposition leader and ex-Georgian president Mikheil Saakashvili was deported from Ukraine to Poland on February 12.
Like a scene from some gangland movie, Saakashvili was arrested in a downtown Kyiv restaurant and dragged out of the building with
Russian supermarket chain Magnit's founder Sergey Galitsky
rival, the X5 Retail Group, which is part Mikhail Fridman’s Alfa Group.
Galitsky will remain a minority shareholder with 3% in an investment deal signed on the sidelines of the Sochi Investment forum this week, Vedomosti reported on February 16.
See page 2
officers holding him by the hair, video footage circulated on social media shows.
Saakashvili denounced the arrest and lashed out at President Petro Poroshenko in a statement: “This is not a president and not a man. This is
See page 4