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Russia's Magnit to invest 40 bln rbls in food plant -CFO
October 20, 2017 / 1:44 PM / a month ago

Russia's Magnit to invest 40 bln rbls in food plant -CFO

MOSCOW, Oct 20 (Reuters) - Russia’s second-biggest food retailer Magnit plans to invest 40 billion roubles ($694.93 million) in developing a food production plant in the medium term, Khachatur Pombuhchan, its chief financial officer, said in a conference call on Friday. ($1 = 57.5600 roubles) (Reporting by Olga Sichkar; Writing by Dmitry Solovyov; Editing by Andrew Osborn)

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