Dixy Group's Common Shares Promoted to MICEX A1 List
OREANDA-NEWS. As of 6 November 2013, the common shares of DIXY Group, one of Russia's leading food retailers, upgraded from the “A2” to the “A1” list on MICEX, the stock exchange announced on November 1, 2013.
The “A1” list represents the stock market's most high-profile and liquid constituents. The inclusion of DIXY Group in “A1” list reflects investor interest in Russia's rapidly growing food retail sector and the Group's status as one of the top players in the business.
DIXY (RTS, MICEX: DIXY) is one of Russia's leading retailers of food and everyday products. After opening its first store in Moscow in 1999, the Group entered a period of intensive organic expansion. In June 2011, it acquired the Victoria supermarket chain.
As of 30 September 2013, DIXY operated 1,667 stores, including 1,554 in the “neighborhood” format, 81 Victoria outlets, 1 Cash store and 31 compact Megamart and Minimart hypermarkets. The Group is present in Russia's Central, Northwest and Urals federal districts and Kaliningrad Region. As of 30 September 2013, it had 574,180 square meters of selling space.
DIXY is Russia's third largest food retailer in terms of revenues, selling space and number of stores. It employs over 40,000 people.
In May 2007, DIXY raised USD 360 million in an IPO on the RTS and MICEX. The Mercury group, a diversified holding, owns a controlling stake of 54.4%.
In 2012, DIXY's revenues totaled RUB147 billion (USD 4.7 billion).
Local business magazine Expert ranks DIXY as one of the 100 largest companies in Russia.
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