Gulf Investment Limited increases its stake in Detsky Mir up to 29,99%

April 26, 2021 – Gulf Investments Limited ("Gulf"), currently holding 25% of the total number of shares in PJSC "Detsky mir" ("Detsky Mir") has entered into binding arrangements pursuant to which it will acquire 36,920,000 additional shares and become holder of 29,99% of the total number of shares of Detsky Mir.

Gulf has already received on April 2, 2021 a clearance from the Federal Antimonopoly Service of Russian Federation approving the foregoing acquisition, which is expected to complete shortly.