MEDIA-Three Russian food retailers to tie up, form 3rd-largest player - Kommersant

Jan 21 (Reuters) -

* Shareholders of Dixy, Bristol and Red & White have agreed to merge the companies, creating the third-biggest Russian food retail company, Kommersant daily reports, citing a joint statement from the firms' owners

* Igor Kesayev and Sergey Katsiev, beneficiary owners of Dixy and Bristol, will own 51 percent of the joint company, while founder and owner of Red & White Sergey Studennikov will have 49 percent - Kommersant

* Kommersant cites the statement as saying: "In the course of the parity merger of the assets, monetary instruments will be used that allow for the equalization of assets"

* The combined company will be the third-largest food retailer in Russia, after X5 Retail Group and Magnit, Kommersant says.

-- Source link: https://bit.ly/2FMb5kR -- Note (Stockholm: NOTE.ST - news) : Reuters has not verified this story and does not vouch for its accuracy (Gdynia Newsroom)