Russia’s Detsky Mir applies to cbank to make IPO on LSE

MOSCOW, Feb 26 (PRIME) -- Detsy Mir-Tsentr, the management company of Russian children’s goods retailer Detsky Mir, has submitted an application to the central bank to obtain a permit for making an initial public offering (IPO) on the London Stock Exchange (LSE), according to the management company's statement released Wednesday.

Detsky-Mir intends to place more than 184.7 million shares.

The retailer earlier informed about its plans to hold the IPO in 2014.

Detsky Mir is the largest retailer of children’s goods in Russia and other CIS countries. Detsy Mir-Tsentr is owned by Vladimir Yevtushenkov’s AFK Sistema.

(35.5669 rubles – U.S. $1)

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