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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  Sistema PublicFinancial Corporation    AFKS   RU000A0DQZE3

SISTEMA PUBLICFINANCIAL CORPORATION

(AFKS)
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Sistema, Russia-China fund raise $281 million from sale of toy retailer

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09/02/2020 | 05:50am EDT
FILE PHOTO: A board, showing the logo of Russian children's goods retailer Detsky Mir, is on display in Moscow

Russian conglomerate Sistema said on Wednesday that it and the Russia-China Investment Fund (RCIF) had raised 20.7 billion roubles ($281 million) from the sale of 25% of shares in Russia's biggest toy retailer Detsky Mir.

The sale, which follows others by the partners this year and in 2019, sees them exit Detsky Mir entirely. It also makes Detsky Mir, which sells toys, baby food and other products, the first Russian company with a free float of 100%.

The sale of 184.75 million shares via a so-called accelerated bookbuilding process was priced at 112 roubles per share, with a 1% discount on the price of Detsky Mir's shares at market close on Tuesday, Sistema said in a statement.

The retailer, which has increased the number of its stores by more than a third to 850 since listing in 2017, plans a new compact format to target smaller towns and boost online sales.

Since Detsky Mir's listing in 2017, Sistema gained more than 60 billion roubles from sales of shares and dividend payments from the company, it said.

The majority of the shares were sold to foreign investment funds from Britain and the United States, Sistema added. Credit Suisse, Goldman Sachs, Sberbank CIB, VTB Capital and Alfa Bank arranged the deal.

Sistema and RCIF - a joint venture of the Russian Direct Investment Fund and the China Investment Corporation - sold 20.38% and 4.62% in Detsky Mir, respectively.

(Reporting by Nadezhda Tsydenova; writing by Polina Devitt and Maria Kiselyova; editing by Tom Balmforth and Louise Heavens)


Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG -1.92% 9.7 Delayed Quote.-24.62%
DETSKY MIR -0.07% 115.02 End-of-day quote.15.02%
SBERBANK OF RUSSIA 2.42% 214.15 End-of-day quote.-15.94%
SISTEMA PUBLICFINANCIAL CORPORATION -0.19% 25.477 End-of-day quote.67.22%
THE CHINA FUND, INC. -0.69% 28.0937 Delayed Quote.34.13%
THE GOLDMAN SACHS GROUP, INC. -2.59% 199.65 Delayed Quote.-10.83%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.07% 76.2071 Delayed Quote.22.88%
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Financials (USD)
Sales 2020 9 063 M - -
Net income 2020 218 M - -
Net Debt 2020 8 577 M - -
P/E ratio 2020 19,1x
Yield 2020 4,78%
Capitalization 3 140 M 3 134 M -
EV / Sales 2020 1,29x
EV / Sales 2021 1,22x
Nbr of Employees -
Free-Float 32,8%
Chart SISTEMA PUBLICFINANCIAL CORPORATION
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Sistema PublicFinancial Corporation Technical Analysis Chart | AFKS | RU000A0DQZE3 | MarketScreener
Technical analysis trends SISTEMA PUBLICFINANCIAL CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 6
Average target price 0,34 $
Last Close Price 0,33 $
Spread / Highest target 4,55%
Spread / Average Target 1,98%
Spread / Lowest Target -0,83%
EPS Revisions
Managers
NameTitle
Vladimir Sanasarovich Chirakhov President, Chief Executive Officer & Director
Vladimir Petrovich Evtushenkov Chairman
Vsevolod Valeryevich Rozanov Senior Vice President, Head-Finance & Investments
Vladimir Sergeyevich Travkov VP, Chief Financial & Investment Officer
Vladimir Semenovich Shukshin VP, Head-Information Technologies & Security
Sector and Competitors