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"

September 16, 2021

Sistema To Divest Sistema Capital Llc

Sistema PJSFC (Sistema or the Company) (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, announces that its wholly-owned subsidiaries Sistema Finance JSC and Sistema Telecom Assets LLC have signed binding agreements to divest a 70% stake in Sistema Capital LLC (Sistema Capital) to Mobile TeleSystems B.V., a subsidiary of PJSC MTS (MTS), the leading digital, media and telecommunications services provider in Russia, for RUB 3.5 billion.

As a result of the transaction, which is expected to complete in the near future, the stake owned by MTS in Sistema Capital will increase from 30% to 100%.

Sistema Capital has significantly grown its assets under management (AuM), which increased more than eightfold over the past five years to RUB 184 billion. As a result, Sistema Capital has become one of Russia largest asset management companies, rising from 33rd place in 2016 to 12th place in 2020 in terms of AuM.

Sistema Capital Management Company is a professional member of the securities market that has been providing asset management services for individual and corporate customers since 2001. The company offers financial products to individual and corporate customers. In 2021, the Expert RA ratings agency confirmed Sistema Capital rating at A++ with a stable outlook. The elevated rating of Sistema Capital reliability and service quality is due to the high level of diversification of the business, the quality of AuM, risk management and IT infrastructure, as well as high growth rates of ÐuM.

*** 

Sistema PJSFC is a publicly traded Russian investment company with a diversified portfolio of assets serving some 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:


Investor Relations

Nikolai Minashin

Phone: +7 (495) 730 66 00

n.minashin@sistema.ru

Public Relations

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 H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer