Photo: ru.freepik.com
The Board of Directors of OK Group has decided to sell the hypermarket business of the same name to the management team. The company will retain ownership of the "YES!" store chain. As a result of the transaction, the management of OK will become the owner of a network of outlets, a brand, a logistics base and other assets related to the activities of hypermarkets.
The price of the agreement has not been announced, and the deal will be finalized after approval by the government Commission for Foreign Investment Control and the Federal Antimonopoly Service.
Starting from January 1, 2025, the Moscow Exchange will restrict trading in foreign securities for unqualified investors. Probably, on the eve of these changes, O'KEY Group S.A. hastened to move to Russian jurisdiction.
