Entries by SF

Sistema Finance sells 8.1m MTS shares as part of share buyback program

Sistema Finance S.A. sold 8,138,237 ordinary shares of PJSC MTS (hereinafter, “MTS”) to a subsidiary of MTS, LLC Stream Digital (“the Purchaser”), as part of the MTS share buyback programme (“the Programme”), which was approved by the Board of Directors of MTS in April 2016 and will be effective until April 2019. The amount of […]

Sistema Finance sells 8.5m MTS shares as part of share buyback program

Sistema Finance S.A. sold 8,456,757 ordinary shares of PJSC MTS (hereinafter, “MTS”) to a subsidiary of MTS, LLC Stream Digital (“the Purchaser”), as part of the MTS share buyback programme (“the Programme”), which was approved by the Board of Directors of MTS in April 2016 and will be effective until April 2019. The amount of […]

Sistema Finance sells 0.80% of MTS shares in connection with tender offer

Sistema Finance S.A. subsidiary of Sistema PJSFC (LSE: SSA, MOEX: AFKS), a Russian public diversified holding company, sold 16.038.892 ordinary shares of PJSC MTS (“MTS”) to MTS subsidiary Stream Digital, LLC (“the Purchaser”) in connection with the tender offer to purchase MTS shares (“the Tender Offer”) being carried out by the Purchaser, for a total […]

Sistema Finance announces an acquisition of a minority stake in Gienanth

Sistema Finance S.A., the international investment arm of Sistema PJSFC focused on mid-cap investments in the DACH-region and Europe, has completed a transaction with Deutsche Beteiligungs AG (“DBAG“) to acquire a minority stake in Gienanth GmbH (”Gienanth“). Gienanth is a leading German iron foundry with a focus on machine-moulded and hand-moulded castings for the automotive […]

Sistema Finance supports Ambulantis with growth equity

Sistema Finance S.A., the international investment arm of Sistema PJSFC focused on mid-cap investments in the DACH-region and Europe, has completed the acquisition of a minority stake in Ambulantis BSW GmbH, a Berlin-based German operator of outpatient care services. Sergey Drozdov, Managing Director of Sistema Finance S.A., said: “We are excited to support Ambulantis in […]

Sistema Finance sells parts of MTS in the form of American Depositary Shares

Sistema PJSFC announces that its subsidiary, Sistema Finance S.A., sold 12.697.918 American Depositary Shares of PJSC MTS (“MTS”), representing 1.27% of MTS’s share capital, to a non-affiliated buyer for a consideration of USD 100.4 million*. The transaction was executed in compliance with U.S. Securities and Exchange Commission Rule 144. Following this transaction, Sistema Group owns […]

Tahoe Beach Club breaks ground

The Tahoe Beach Club broke ground Monday on the $300 million project that will include 143 new condos and a private beach on the east side of the lake. www.washingtontimes.com/news

Sistema Finance sells 1.45% of MTS in the form of American Depositary Shares

Sistema JSFC announces that on 23 June 2016 its subsidiary, Sistema Finance S.A., sold 14.965.592 American Depositary Shares of PJSC MTS (“MTS”), representing 1.45% of MTS’s share capital, to a non-affiliated buyer for a consideration of USD 123.5 million. The transaction was executed in compliance with U.S. Securities and Exchange Commission Rule 144. Following this […]