| Russia-China Investment Fund (RCIF) has closed the deal to purchase a 23.5% stake in the OAO Detskiy Mir from ZAO DM Finans, a subsidiary of AFK Sistema, RCIF said in a press release on Monday. The deal sum is 9.75 billion roubles ($133.56 million). RCIF is a joint project of Russia’s Direct Investment Fund and China Investment Corporation state-run company.
According to head of the Russian Direct Investment Fund (FDIF) and co-director of RCIF Kirill Dmitriyev, the deal will make it possible to promote the development and further expansion of the Detskiy Mir group on the international scale, including in China and other countries...............................................Full Article: Source
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