February 15, 2018 / 8:14 AM / a year ago

Russia's RDIF fund considers reducing stake in Detsky Mir during planned share offer

FILE PHOTO: A sign with the logo of Russian children's goods retailer Detsky Mir is on display outside its store in Moscow, Russia, February 10, 2017. REUTERS/Maxim Shemetov

MOSCOW (Reuters) - The Russian Direct Investment Fund (RDIF) is considering reducing its stake in Detsky Mir toy retailer, RDIF’s president, Kirill Dmitriev, said on Thursday.

A stake sale could be carried out together with the Sistema conglomerate during a secondary public offering of Detsky Mir shares planned in March, he said.

reporting by Polina Nikolskaya and Darya Korsunskaya, writing by Denis Pinchuk, editing by Adrian Croft

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