Altus to send new application to raise Detsky Mir stake to 29.9%

MOSCOW, Jan 21 (PRIME) -- Gulf Investments owned by investment company Altus Capital will send a new request to the Federal Antimonopoly Service for a preliminary permit to raise the stake in children goods retailer Detsky Mir to 29.9%, Altus said in a statement on Thursday.

"Gulf will send a new application to the Federal Antimonopoly Service of Russia to receive a preliminary permit to raise the interest and buy up to 29.9% in Detsky Mir, as planned initially," the company said.

The fund also said that CEO of Polyus Pavel Grachyov and Senior Vice President for Finance and Strategy Mikhail Stiskin will be the largest stakeholders of Gulf Investments Limited.

Altus Capital initially planned to buy 29.9% in Detsky Mir and accept bids until December 24. But later the fund reduced the plan to 25% and stopped taking bids on December 16.

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