"We plan that the Dixy business will continue to exist as a separate legal entity, and the stores will operate under the existing brand," RIA Novosti quoted him as saying.
He noted that after the completion of the deal, Magnit will be able to significantly strengthen its market positions in Moscow and St. Petersburg.
Earlier, one of the largest Russian retailers, Magnit, announced that it had agreed on the possibility of purchasing the Dixy retail network with a deal value of 92.4 billion rubles.
It was also reported that the shares of "Magnit" rose 4.5% on the news of the purchase of the network "Dixy".