OJSC Magnit (Public, LON:MGNT) operates as a holding company for a group of entities, which operates in the retail industry under the Magnit name. As of December 31, 2009, the chain consisted of 3,204 convenience stores and 24 hypermarkets in 1,048 locations in the Russian Federation. The Company’s stores are located within the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of December 31, 2009, the Company operated the in-house logistics system consisting of nine modern distribution centers: three of them located in Southern Federal district (Kropotkin, Bataysk and Slavyansk-On-Kuban), two in Volga Federal district (Engels and Togliatti), another three distribution centers based in Central Federal district (Tver, Oryol and Ivanovo), and one in Urals Federal district (Chelyabinsk). It also operates automated stock replenishment system and a fleet of 1,453 vehicles.