Detsky Mir block cancelled as court freezes Sistema assets

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Detsky Mir block cancelled as court freezes Sistema assets

Vladimir Yevtushenkov PA 230x150
ST PETERSBURG, RUSSIA - NOVEMBER 17, 2017: President of the Merkury (Mercury) Group of Companies Igor Kesayev (L) and AFK Sistema Chairman of the Board Vladimir Yevtushenkov at a meeting of the Mariinsky Theatre's Board of Trustees in the new stage building of the Mariinsky Theatre. Mikhail Metzel/TASS | Mikhail Metzel/Tass/PA Images

Sistema, the Russian conglomerate controlled by Vladimir Yevtushenkov, has been forced to cancel the $70m sale of Detsky Mir shares it conducted on Monday night, after some of its assets, including its stake in the toy store, were frozen by an arbitration court in the Republic of Bashkortostan.

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