Sunday, December 31, 2017

Horizon Capital exit RKIF of Detsky Mir is 3-5 years old - the head of the Russian Direct Investment Fund

Horizon Capital exit RKIF of Detsky Mir is 3-5 years old - the head of the Russian Direct Investment Fund

Horizon exit the Russian-Chinese Investment Fund (RKIF, created by the Russian Direct Investment Fund and China Investment Corporation) from the capital, "Children's World" is 3-5 years, he told the head of RFPI Kirill Dmitriev.

"Our exit horizon (from the capital of" Children's World "- Ed.)., We believe, from three to five years. Sooner or later have to go: we have to show profitability for our customers ", - he said.

Chapter RFPI stressed that as a result of the IPO «Children's World" was RKIF yield of over 90% per annum in dollars. "It shows that Russia can be a good investment and have an extremely high rate of return," - he said.

The share RKIF in the "Children's World" to the placement of its shares was 23.10%. After placing RKIF retain not less than 13.1% in the capital of the issuer.

Following the results of the initial public offering of shares of "Children's World" on the Moscow stock exchange price of the share is 85 rubles, the company's market capitalization at the time of trade - 62.8 billion rubles.


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