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$8.04 0.2  2.2%

Last Trade - 17/09/21

Sector
Telecoms
Size
Large Cap
Market Cap £2.80bn
Enterprise Value £10.32bn
Revenue £7.33bn
Position in Universe 262nd / 1781

Detsky Mir's new shareholders see no 'drastic' changes in strategy

Fri 4th June, 2021 8:04am
June 4 (Reuters) - The new shareholders of Russian toy
retailer Detsky Mir  DSKY.MM  do not expect "drastic" changes in
the company's strategy, a major investor told Reuters. 
    "Detsky Mir is a unique player," said Pavel Grachev, who is
a key shareholder of Gulf Investments Limited, which bought 25%
in Detsky Mir last December. The investment vehicle of Altus
capital increased its stake to 29.99% in June.  urn:newsml:reuters.com:*:nFWN2NK0S6 
    The Russian toy retailer is a market leader "with a very
clear concept of an omnichannel player, resistant to the
challenges of the new economy and the expansion of online
business," Grachev said in remarks cleared for publication on
Friday.    
    Russian conglomerate Sistema  AFKS.MM  and the Russia-China
Investment Fund (RCIF) last September raised 20.7 billion
roubles ($282.49 million) from the sale of 25% of shares in
Detsky Mir, bringing the retailer's free float to almost 100%.
 urn:newsml:reuters.com:*:nR4N2FE02R  

($1 = 73.2770 roubles)

 (Reporting by Gleb Stolyarov, writing by Anna Rzhevkina
Editing by Tomasz Janowski)
 ((anna.rzhevkina@tr.com; +48 58 7696600;))
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