Dmitry Klenov exits Detsky Mir capital

MOSCOW. March 13 (Interfax) - Dmitry Klenov, one of the directors of the Altus Capital investment company, has exited the shareholder composition of Detsky Mir , the company said in a statement.

Klenov had owned 10% of the children retailer's capital. Detsky Mir has not indicated in the statement who has bought the stake, though it does note that the buyer is not associated with any other major Detsky Mir shareholder.

Klenov stepped down from the company's board of directors in October 2022, simultaneously entering into a binding agreement to sell his stake, with the deal closing on March 10, 2023.

Detsky Mir is Russia's largest specialized retailer in the children's goods market. The principal beneficiaries are currently former PJSC Polyus CEO Pavel Grachev and former Polyus Senior Vice President for Finance and Strategy Mikhail Stiskin, with their structure owning 19.99% of the shares. Free float is around 60%, with a significant share comprising foreign investors.

The retailer announced a decision last year to transform into a private company, with shareholders approving the reorganization at the end of December.