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  Financial Corporation "Sistema" REGISTER LOG IN

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

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

Financial Corporation "Sistema"

April 12, 2021

Segezha Group intends to conduct an IPO

Sistema PJSFC (Sistema, the “Corporation or, together with its subsidiaries and affiliates, the Group) (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, notes that its subsidiary, Segezha Group PJSC (Segezha Group or the Company), announced its intention to conduct an initial public offering (the Offering) of ordinary shares (the Offer Shares) and to list on Moscow Exchange.

The Offering will consist of a primary offering of newly issued shares expected to raise at least RUB 30 billion and an over-allotment option of secondary shares of up to 15% of the Offer Shares expected to be granted by Sistema PJSFC and/or one of its fully owned subsidiaries. Sistema expects to remain majority shareholder post the Offering.

Vladimir Chirakhov, President of Sistema, said:

Since 2014, Sistema has transformed Segezha Group into a world-class company with an exceptional resource base, well-managed production costs, global leadership in attractive industry segments and a highly capable and motivated management team. These advantages  backed by investment of RUB 49 billion since 2015  have translated into strong profitability and growth metrics, with revenue and OIBDA more than doubling between 2015 and 2020.

We have also focused on improving the Company environmental, social and corporate governance (ESG) profile. This has included confirming Segezha Group approach to reforestation in line with internationally recognized practices, improving energy efficiency, introducing strict health and safety controls, fostering local community engagement and building strong corporate governance.

Segezha Group success illustrates the transformative value that Sistema adds to its portfolio companies. Bringing Segezha Group to the public markets will crystallize the value of our investment, raise funds that would allow Segezha Group to continue to pursue its investment projects and provide investors with the opportunity to benefit from the Company‚ strong growth and attractive returns to shareholders.

Full text of the announcement is available at Segezha Group website https://segezha-group.com/en/press-center/news/segezha-group-announces-intention-to-float-on-moscow-exchange/.

                                                                                                                              ***

Sistema PJSFC is a publicly traded Russian investment company with a diversified portfolio of assets serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2020 was RUB 691.6 billion; total assets equalled RUB 1.4 trillion as of 31 December 2020. Sistema's global depositary receipts are listed under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.com.

***

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

IR Service

Nikolay Minashin

Phone: +7 (495) 730 66 00

n.minashin@sistema.ru

Press Service

Sergey Kopytov

Phone: +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 I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer