Detsky Mir to meet with investors Feb 26 - source
MOSCOW. Feb 19 (Interfax) - Senior executives from Russian retailer Detsky Mir , which is expected to carry out an IPO in the spring, will hold a meeting with investors on February 26 and show them the flagship store that the company opened in December, a source familiar with the company's plans told Interfax.
He said Detsky Mir CEO Vladimir Chirakhov, CFO Eduard Kelenchuk and deputy finance director and chief accountant Olga Shakirova will attend the meeting.
After the presentation, Detsky Mir management will show investors the retailer's logistics center in Krekshino and the flagship store at the Mega Belaya Dacha shopping center.
The planned meeting with investors will not be part of a road show, it will be a site visit, the source said.
Sources in the banking community told Interfax earlier that Detsky Mir might begin IPO preparations in the second half of March. Credit Suisse, JPMorgan, Renaissance Capital and Citi have been mandated to coordinate the deal. The IPO is expected to raise up to $500 million, but the final amount will be determined after the investment banks appraise the company. The IPO will probably take place on the London Stock Exchange, the sources said.