Detsky Mir children’s goods retailer maintains plans for IPO

Detsky Mir will hold the IPO in March 2017.

Detsky Mir will hold the IPO in March 2017.

AP
Detsky Mir will hold the IPO in March 2017

Detsky Mir children’s goods retailer keeps plans to hold the IPO and is choosing between Moscow and London exchanges, Board Chairman of its main shareholder Sistema Holding Vladimir Evtushenkov said on Friday on the sidelines of Sochi 2016 International Investment Forum.

"They definitely remain," Evtushenkov said responding to the question regarding Detsky Mir’s IPO.

Shares offering floor has not yet been determined but the choice is between Moscow and London exchanges, he added.

Negotiations are currently underway with Goldman Sachs on participation in the deal and the price issue is a matter of principle, Evtushenkov said.

Detsky Mir will hold the IPO in March 2017, Board Chairman of Sistema Holding said earlier.

Source: TASS

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