Sistema PJSFC successfully price the offering of Detsky Mir shares

  • Nov 22, 2019 GMT
  • Team Kalkine
  • Sistema PJSFC (LON: SSA) has announced the successful price offering of 175million Detsky Mir shares.
  • The company, along with the Russia-China Investment Fund through its investment vehicles Floette Holdings Limited and Exarzo Holdings Limited, successfully priced the offering of 23.7 per cent of Detsky Mir's share capital.
  • The shares of Detsky Mir were sold at a price of RUB 91 per share and after offering its free float stands at 57.6 per cent.
  • In Detsky Mir, Sistema has a remaining ownership interest of 33.4 per cent while the Russia-China Investment Fund has a remaining interest of 9.0 per cent.

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