- 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.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.