Sistema and Russia-China Investment Fund announce launch of offering for up to 8% of Detsky mir shares
(World News Russia)

11 / 12 / 2017 11 December 2017, Moscow, Russia. Public Joint Stock Company `Detsky mir` (the `Company` or `Detsky mir`), Russia`s largest specialised children`s goods retailer, announces that Sistema PJSFC (`Sistema`), which is the majority shareholder of the Company, and the Russia-China Investment Fund (`RCIF`) have announced the launch of an offering of up to 8% of the Detsky mir shares by way of accelerated book building (the `Offering`). Completion of this transaction by Sistema may result in a decrease of Sistema`s shareholding below 50%+1 voting shares in the charter capital of Detsky mir, which gives certain eligible creditors of Detsky mir the right to request early repayment under...