OREANDA-NEWS  The largest Russian retailer of children's goods, Detsky Mir, has become a private company. The completion of the business transformation is stated in a press release on the official website.

"Detsky Mir Group, a specialized retailer and a leader in the market of children's goods in Russia and Kazakhstan, informs that the transformation into a private business announced in November 2022 has been completed," the message reads. The company's subsidiary, DMFA JSC, bought 58.26 voting shares from minority shareholders.

The remaining minority shareholders of the parent company will be announced a mandatory offer to buy back shares, Detsky Mir said. It is expected that the share price in such an offer will not be lower than 71.5 rubles. After the completion of the mandatory offer, the PAO may be liquidated, and those shareholders who for one reason or another decided not to sell shares will be able to receive the property of the liquidated company remaining after completing settlements with creditors, in proportion to the number of shares they own.

At the end of August, Detsky Mir had to freeze the prices of some school products against the background of their sharp growth. The decision was made at the suggestion of the Federal Antimonopoly Service (FAS) of Russia "to increase the availability of such goods before the start of the new academic year." As part of the initiative, marginal prices were fixed for individual items of school uniforms, clothing, as well as for 40 items of the school assortment — pens, pencils, notebooks, pencil cases, albums and goods for children's creativity.