Aug 10 (Reuters) - Russian retailer Magnit on Thursday said it had completed a deal to buy back blocked shares from Western investors, the first deal of its kind since Russia invaded Ukraine in February 2022.

Magnit said it had bought back 16,910,664.8 shares from shareholders, representing about 16.6% of all issued and outstanding shares at an amount of around 37.4 billion roubles ($388.25 million). ($1 = 96.3300 roubles) (Reporting by Alexander Marrow)