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.
December 30, 2009Moscow, Russia – December 30, 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 that it has increased its ownership in Sistema-Hals to 27.6% of the issued share capital through the acquisition of an additional 8.15% stake from the Sistema-Hals Group. The transaction has been made as part of the restructuring of Sistema-Hals Group’s debt to Sistema.
