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Sector
Telecoms
Size
Mid Cap
Market Cap £1.97bn
Enterprise Value £9.20bn
Revenue £6.57bn
Position in Universe 272nd / 1819

Sistema, Russia-China fund to sell Detsky Mir shares

Tue 16th June, 2020 5:04pm
MOSCOW, June 16 (Reuters) - Russian conglomerate Sistema
 AFKS.MM  and the Russia-China Investment Fund said on Tuesday
they would sell 118 million shares in Detsky Mir through an
undocumented accelerated bookbuild.
    The offering of around 16% in Russia's largest children's
goods retailer may raise some $160 million, a Detsky Mir
bookrunner said.
    Sistema said that after the sale it would retain around
20.4% of Detsky Mir, while the investment fund will own around
4.6%.
    Credit Suisse Securities (Europe) Limited, Goldman Sachs
International, Sberbank CIB and VTB Capital plc are acting as
joint global coordinators and joint bookrunners. Alfa Bank is
acting as joint bookrunner.
    Prior to the completion of the offering, Sistema holds a
33.38% ownership interest and RCIF a 7.56% ownership interest in
the company. 

 (Reporting by Nadezhda Tsydenova and Vladimir Soldatkin;
Editing by Jan Harvey)
 ((vladimir.soldatkin@reuters.com; +7 495 775 12 42;))
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