the Federal Antimonopoly service (FAS) of Russia intends to conduct inspections in 56 regions where there were high prices for buckwheat, the existence of a cartel between “Magnet” and other trading networks.

As the message of the Ministry, “FAS instructed its regional offices in 56 regions to check for the presence of a cartel agreement between JSC “Tander” (“Magnit”) and other trading networks.”

In Antimonopoly service, in particular, pointed out that, for example, the trading margin for buckwheat “Extra” brand “Zara” in a network “the Magnet” in some periods exceeded 200%.

“to Sell expensive is not prohibited, but to negotiate with competitors is illegal. And sentence for conspiracy will face administrative fines of up to 15% of the annual turnover of the company and criminal liability,” warned the head of Department FAS on struggle against cartels Andrey Tenishev.

we also Recall that in mid-may it became known that Magnit was ranked 1537-th place in the annual ranking of the largest public companies Global 2000 the world according to Forbes. Thus, the “Magnet” is losing ground in the global ranking by Forbes for the fifth consecutive year, according to RBC Krasnodar.

So, in 2017, the retail chain took a 813-e a place (a minus of 39 positions to the previous year), in 2018 — 1152-e (minus 339). In 2019 the “Magnet” has lost 218 lines, eventually finishing on the 1370-e a place.

In Forbes to clarify that in General, the indicators of the rating was influenced by the pandemic coronavirus infection COVID-19. Thus, the market value of most companies on the list declined compared to last year.

we Add that the audited net profit of “Magnit” under IFRS amounted at the end of 2019 17,108 billion rubles, which is 49%, or almost 2 times less than in the previous year. Such data riThaler brought in mid-March.

EBITDA (earnings before interest, taxes, depreciation and amortization) grew last year by 7.2% to 83,112 billion rubles, and EBITDA margin was 6.1% versus 7.2% in 2018.

Net debt “Magnet” at the end of December reached 175,31 billion, showing an increase of the previous year by 27.2%.

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