AFK Sistema OAO Buys Blocking Stake in Detskiy Mir from Sberbank Rossii OAO-Interfax

Thursday, 20 Jun 2013 07:34am EDT 

Interfax reported that AFK Sistema OAO (Sistema) is closing the acquisition of a blocking stake in children's goods retail chain Detsky Mir from Sberbank Rossii OAO (Sberbank), Sistema's core owner, Mr. Vladimir Yevtushenkov, told reporters on the sidelines of the St. Petersburg Economic Forum. Sistema will pay more for the stake than it sold it for to Sberbank originally, he said, without naming a figure. 

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