Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian Leading Toy Shop Seeks London Listing
28.02.2014 00:42
Russian Leading Toy Shop Seeks London Listing

A leading toy retailer owned by a major conglomerate in Russia has said that it has filed for permission from the central bank to list on the London Stock Exchange.

      Detsky Mir said that under plans filed Tuesday it expects to place more than 184.7 million shares and has engaged Citigroup to act as its placement agent.

      The retailer has earlier stated plans to carry out an IPO in 2014, and Reuters news agency has cited its own sources as saying the launch could happen in mid-March.

      Detsky Mir general director for strategy and analysis Alexei Voskoboinik has said the aim is to raise $500 million in the float, which, it is estimated, will involve a one-quarter stake in the company.

      Detsky Mir is the largest retailer of children’s toys in Russia and is wholly owned by AFK Sistema, a vast company controlled by billionaire Vladimir Yevtushenkov that incorporates interests ranging from energy to telecommunications.


Author: Julia Alieva

Tags: Detsky Mir Russian retailers Russian toy shops Russian business  

Next Previous

You might also find interesting:

Roust Corporation Files a Petition For Bankruptcy
Four Models Of Cars Will Be Produced At the Mercedes-Benz Factory In Solnechnogorsk
AFK Sistema Is Intrested In Finnish House-building Company Honkarakenne
Sberbank Private Banking Took First Place In the Forbes Rating
Utilization Rate Of the Nord Stream Exceeded 90 Percent of its Designed Capacity

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Konstantin Simonov  Exhibitions in Moscow  Dmitry Krymov  Russian Cinema  Nikolay Karachev  Vladislav Starevich  Russian Traditions  corruption in Russia  Komi Republic  Russian ballet dancers  Jose Mourinho  Russian Stage Directors  Russian Literature  Yakutia  Perm shopping malls  Mercedes-Benz Fashion Week Russia  LGBT in Russia  Russian history  PhotoHub_Manometr  Victor Rashnikov  Moscow  Russian tourism  Rituals  Losenko  Exhibitions in St. Petersburg  Golden Mask  Buryatia  Nenets Autonomous Area  Altai  Lipetsk   Valery Gergiev  Russian business  Spacecrafts  Balls in Moscow  Russian invention  Valery Maloletkov  Maya Plisetskaya  Bande Dessinee  Archeology  Lake Teletskoye  The Pirate Party of Russia  Russian aviation  MTS   Avant-garde  Tver  Russian finance  Shantar islands  Vladimir Gruzdev  Lake Baikal  Painting 

Travel Blogs
Top Traveling Sites