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SSA - AFK Sistema PAO News Story

$5.36 0.1  2.7%

Last Trade - 10:13am

Sector
Telecoms
Size
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 
preferred
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
partner,
acquired a 46.5% equity stake in Sintez through holding company
Sinocom.

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

 (Reporting by Moscow Newsroom)
 ((moscow.newsroom@thomsonreuters.com; +74957751242;))
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