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Press Releases > Financial Corporation "Sistema"  all about the company

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Financial Corporation "Sistema"

February 10, 2016

Sistema JSFC to participate in additional share issue of MTS Bank

Moscow, 10 February 2016. – Sistema JSFC (LSE:SSA, hereinafter - Sistema), a diversified public holding company, announces that it has signed a legally binding agreement to acquire 2,641,957 ordinary shares of PJSC MTS Bank (hereinafter - MTS Bank), placed as part of an earlier approved additional issue, for a total consideration of RUB 3.7 billion.

As a result of the transaction, Sistema’s share in the capital of MTS Bank will increase from 69% to 70%.

 ***

For furtherinformation, please visit www.sistema.com or contact:

Investor Relations                                                      Public Relation 

Yulia Katukova                                                           Sergey Kopytov

Tel: +7 (495) 692 22 88                                              Tel.: +7 (495) 228 15 32

katukova@sistema.ru                                                  kopytov@sistema.ru     

 

 

 

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