Dixy Group Announces Resolution of EGM
OREANDA-NEWS. August 24, 2012. DIXY Group, OJSC [RTS: DIXY], one of the
The Extraordinary General Meeting of Shareholders held on August 16, 2012 resolved to approve a large transaction for the Company to assume liabilities as a borrower of a total sum not exceeding 18 billion rubles.
The borrowed funds will be used for refinancing of existing debts, capital financing and for the general corporate purposes.
OJSC DIXY Group [RTS: DIXY] is one of
The first DIXY store opened in
The Company operates in three Federal Districts of Russia: Central, Northwest, Urals, and in
As of July 31, 2012, the Company had a total of
In May 2007 the Company raised USD 360 million in its IPO on the RTS and MICEX. A controlling stake in DIXY Group, OJSC (54.4%) is owned by the Mercury Group of Companies, a diversified holding company.
In 2011, DIXY Group's total revenue (including revenue of the Victoria Group, acquired on June 15, 2011, from the year beginning) amounted to RUR 122 billion (USD 4 bln).
The Russian business magazine Expert rates DIXY Group as one of the Top-100 largest Russian companies.
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