print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Financial Corporation "Sistema" press releases

Financial Corporation "Sistema"

December 26, 2016

Sistema announces the sale of Targin

Moscow, Russia – 26 December 2016 – Sistema PJSFC (LSE: SSA, MOEX: AFKS) (“Sistema” or “the Corporation”), a publicly-traded diversified holding company, announces the sale of 100% of the shares of Targin JSC to PJSC Rosneft Oil Company (“Rosneft”) for up to RUB 4.1 billion, with the possibility to revise the sale price following completion of due diligence. The deal was approved in accordance with Sistema and Rosneft corporate procedures, and will be completed once all conditions have been met, including approval by the Russian Federal Antimonopoly Service.

Sistema President and Chief Executive Officer Mikhail Shamolin said: “The sale of Targin JSC is a logical step for Sistema, and is in line with our strategy of optimising our investment portfolio in order to focus on business areas in which the Corporation already has significant expertise. Among Sistema’s top priorities are the further growth of its portfolio companies and profitable monetisation of assets.”

***

For further information, please visit www.sistema.com or contact:

Investor Relations

Yuri Krebs

Tel.: +7 (495) 730 66 00

y.krebs@sistema.ru

Public Relations

Sergey Kopytov

Tel.: +7 (495) 228 15 32

kopytov@sistema.ru

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer