February 16, 2010Moscow, Russia – February 16, 2010 – Sistema (the “Group”) (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 the Extraordinary General Meeting of shareholders (“EGM”) has approved Sistema’s participation in an investment agreement to launch full-scale 90 nanometre microchip production in Russia. Sistema signed the agreement with the Russian Corporation of Nanotechnologies (“RUSNANO”), AMEX, SITRONICS and SITRONICS subsidiaries: “SITRONICS-Nano” and “NIIME and Mikron”, which are part of SITRONICS’ Microelectronics business division. SITRONICS-Nano LLC, a subsidiary of SITRONICS, was established for the purposes of operating this project.
January 22, 2010Moscow, Russia – January 22, 2010 – Sistema (the “Group”) (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 the sale of its equity stake in Bashkirnefteprodukt (56.11%) to ANK Bashneft JSC (“Bashneft”). On January 4, 2010, Sistema sold controlling stakes in four other Bashkir oil companies to Bashneft. The objective of these transactions is to create a vertically integrated oil group.
January 7, 2010Gurgaon, India - January 07, 2010 - Sistema Shyam Teleservices Limited (SSTL), has crossed the milestone of 3 million subscribers in India.
December 31, 2009Moscow, Russia – December 31, 2009 – Sistema (the “Group”) (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 the sale of its equity stakes in Ufaneftechim JSC (47.18%), Novoil JSC (61.57%), Ufaorgsintez JSC (51.49%) and Ufimskiy NPZ JSC (55.58%) to ANK Bashneft JSC (“Bashneft”). The objective of these transactions is to create a vertically integrated oil group.
