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Financial Corporation "Sistema"

November 13, 2010

Sistema announces acquisition of 51% of JSC NIS

Moscow, Russia – November 13, 2010 – Sistema JSFC (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, which invests in, and is a major shareholder of, companies operating in different industries, today announced that it has completed the acquisition of 51% of JSC NIS – 25.5% from the Concern RTI Systems and 25.5% from JSC SITRONICS, according to the terms and conditions as originally disclosed on October 12, 2010.

 

 

 

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