Detsky Mir block flies as Russians urged to sell stakes before US vote

Moscow, Cathedral, St-Basil's,
By Sam Kerr
02 Sep 2020

Equity capital markets investors welcomed the return of Russian deals on Tuesday night as two large shareholders exited Detsky Mir, the children’s retailer. Bankers expect more deals to come and are urging sellers, if possible, to come to market early to avoid running close to the US presidential election in November.

Credit Suisse, Goldman Sachs, Sberbank and VTB Capital were the global coordinators on the Moscow deal. Alpha Bank was a bookrunner.

The selling shareholders in the Rb20.7bn ($281m) block trade were Sistema and the Russia-China Investment Fund. The two sellers last sold shares in June, ...

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