AFK Sistema PAO logo

SSA - AFK Sistema PAO News Story

$5.36 0.1  2.7%

Last Trade - 10:13am

Mid Cap
Market Cap £1.85bn
Enterprise Value £9.00bn
Revenue £6.49bn
Position in Universe 274th / 1816

BRIEF-Russia's Sistema says holding company Sinocom ups stake in Sintez

Tue 26th May, 2020 8:19am
May 26 (Reuters) - Russian services conglomerate Sistema
 AFKS.MM  says:
    * As a result of a mandatory tender offer to shareholders of
Sintez, launched by holding company Sinocom Investments Limited,
Sinocom has acquired 13,696 ordinary shares and 20,577 preferred
shares in Russian pharmaceuticals producer Sintez.
    * The purchase price per one ordinary share and per one 
share amounted to 62,156.53 roubles ($872.36) and 5,269.07
roubles, respectively.
    * As a result of the mandatory  offer, Sinocom's equity
stake in
Sintez has increased to 56.2%.
    * In August 2019, Sistema, together with a financial
acquired a 46.5% equity stake in Sintez through holding company

 Source text for Eikon:*:nEQ8y8nPGa
 Further company coverage:  AFKS.MM 
 ($1 = 71.2512 roubles)

 (Reporting by Moscow Newsroom)
 ((; +74957751242;))
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.