MOSCOW, Jan 16 (PRIME) -- AFK Sistema and the Russia–China Investment Fund will float their shares in the country’s largest children goods retailer Detsky Mir, the company said in a statement on Monday.
“The offering is expected to consist exclusively of secondary shares. The selling shareholders are Sistema, the Russia-China Investment Fund via its investment vehicles Floette Holdings Limited and Exarzo Holdings Limited, as well as some members of the management teams of the company and Sistema,” Detsky Mir said.
“Sistema intends to maintain strategic control over the company in the medium term, retaining majority ownership.”
The retailer said that the shares were admitted to trading at the Moscow Exchange and included in a level 3 quotation list of the bourse, although the company has asked to transfer the shares to a level 1 list after the offering, “subject to compliance with the applicable minimum free float requirement of 10%,” the company said.
Credit Suisse, Goldman Sachs International and Morgan Stanley will act as joint global coordinators and joint bookrunners, while Sberbank CIB and UBS Investment Bank will act as joint bookrunners of the IPO.
End
|
|
