February 16, 2018 / 6:31 AM / 3 months ago

BRIEF-Russia's Magnit says dividends intact after VTB buys stake

Feb 16 (Reuters) - Russian food retailer Magnit says:

* Magnit and VTB intend to continue company’s dividend policy and to pay out part of company’s profits to its shareholders as early as in H2 2018​

* The company intends to consider possibility of a share repurchase plan in 2018​

* Part of shares so repurchased is proposed to be used as a long-term incentive for company’s management Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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