Russian retailer Detsky Mir has completed its restructuring and its subsidiaries have begun share repurchase programs aimed at buying back stock from current shareholders, a move outlined in a formal press release issued by the company. The announcement frames this step as part of a deliberate plan to transition the business toward a privately held structure, signaling a broader reset of corporate governance and ownership as the group consolidates ownership within a tighter, more centralized control framework.
The company stated that the restructuring process has culminated in a full transfer of ownership from the subsidiary OOO DM.IT to the parent entity, marking a clear milestone in the privatization trajectory. As the next phase of this strategic transformation, the company’s subsidiaries have initiated programs to repurchase ordinary shares of PJSC Detsky Mir directly from its shareholders. This move is designed to provide liquidity options for investors and to realign the shareholder base in line with the new private-oriented governance model, while signaling confidence in the company’s outlook and long-term value proposition. The announced buyback price stands at 71.5 rubles per share, reflecting the approved repurchase valuation following the restructuring, and reinforcing the intent to consolidate ownership within the group’s ecosystem. [Source: Corporate press release]
The messaging from the press office adds that non-resident investors from hostile jurisdictions may monetize their holdings at the same 71.5 rubles per share when funds are directed to specific accounts described as type “C” accounts. An alternative pathway exists allowing sales at 60.77 rubles per share by bypassing the C-type accounts, offering flexibility in execution depending on investor preference and regulatory considerations. This framework appears calibrated to maintain orderly capital movements while enabling timely liquidity for investors who opt to participate in the buyback, even as the broader privatization plan proceeds. The company notes that liquidation remains a possible outcome if all required corporate decisions are approved following the mandatory offer, underscoring the high-stakes nature of the ongoing corporate restructuring and governance realignment. In a separate development from early May, a consortium of investors led by Korablik founder Alexei Zuev reportedly controls 29.9% of Detsky Mir’s authorized capital, illustrating the substantial stake footprint and potential influence exercised by key backers as the company navigates the privatization route. [Internal assessment and public disclosures]