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Mobile TeleSystems

December 26, 2019

MTS increases stake in MTS Bank to 99.7%

MOSCOW, Russia ó MTS (NYSE: MBT, MOEX: MTSS), Russiaís leading telecommunications operator and digital services provider, announces the acquisition of a 4.5% stake in MTS Bank, bringing the Companyís total ownership share to 99.7%*.

Under the terms of the transaction, MTSís wholly-owned subsidiary Mobile TeleSystems B.V. acquired the stake in MTS Bank from Sistema PJSFC (LSE: SSA, MOEX: AFKS), the largest diversified public financial corporation in Russia and the CIS and the majority shareholder of MTS, for RUB 1.4 bln. As a result of the deal, MTSís share in MTS Bank increased to 99.7%, while Sistema has now fully exited as a shareholder in MTS Bank.

*Including a 0.2% share in the bank held by MTSís subsidiary PJSC MGTS.

* * *

For further information, please contact in Moscow
Investor Relations Department 
Mobile TeleSystems PJSC 
Tel: +7 495 223 2025 
E-mail: ir@mts.ru 

 

 

 

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