MTS has closed a deal to buy a stake in Sistema Capital Management Company for 3.5 billion rubles

MTS announced that it had closed the deal to acquire a 70% stake in Sistema Capital Management Company for 3.5 billion rubles. As a result of the transaction, MTS increased its stake in the authorized capital to 100%. On September 16, it became known that Sistema Finance and Sistema Telecom Assets (controlled by AFK Sistema) signed binding agreements on the sale of 70% of shares in the authorized capital of Sistema Capital to MTS. the company providing digital, media and telecommunication services, announces the closure of a previously announced transaction to acquire a 70% stake in Sistema Capital LLC (Sistema Capital) for 3.5 billion rubles. As a result of the deal, MTS increased its stake in Sistema Capital to 100%, “MTS said on the corporate disclosure portal.” Consolidation of 100% of Sistema Capital’s shares will accelerate the launch of new products for retail investors and high net worth clients (HNWI ), will expand the ecosystem of MTS financial services, and will also allow the group to increase its share in the fast-growing investment market….

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