RDIF CEO: Chinese, Middle Eastern funds interested in Detsky Mir SPO

MOSCOW, Nov 20 (PRIME) -- Chinese and Middle Eastern funds express interest in a secondary public offering (SPO) of Russian children goods retailer Detsky Mir, CEO of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said on the sidelines of the Russia Calling! investment forum on Wednesday.

“We see significant interest to the participation (in SPO), a large number of funds, including European funds. Naturally, Chinese and Middle Eastern ones. Everybody sees the growth of figures which Detsky Mir demonstrates, how fast the company rises,” Dmitriev said.

He said that the RDIF expects high demand for Detsky Mir’s shares during the placement.

Russian multi-industry holding Sistema and the Russia–China Investment Fund (RCIF) plan to offer at least 150 million shares, or about 20.3% in Detsky Mir at an SPO held from Monday until Thursday.

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