Senator Kerimov is targeting “Children’s world”

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Suleiman Carimonte: Vladimir Fedorenko / RIA Novosti

The structure of Senator Suleiman Kerimov plan to purchase a controlling stake in the network “Children’s world” at AFK “System” according to “Kommersant”, citing sources close to the deal.

The “system” owns 52.1% of the shares of “Children’s world”. According to expert estimates, the entire package will cost Kerimov in 45,81 billion.

It was reported that the Senator is interested in buying a controlling stake “Children’s world” about a year ago. In November 2017 after Kerimov’s arrest in France on suspicion in evasion from payment of taxes process stopped. In June of this year the charges were dropped and negotiations resumed.

According to estimates by Ipsos, Comcon, in 2017 the turnover of the Russian market of children’s goods amounted to 525 billion rubles. It is projected that in 2018, the turnover can go up to 530 billion rubles, and by 2021-mu to reach 547 billion. “Children’s world”, by his own assessment, at the end of 2017 took 20 percent of the market, the previous year’s 17 percent.

Video, photo All from Russia.

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