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Comstar – UTS IPO on the LSE
Comstar – UTS places 35% of its shares on the London Stock Exchange, raising over $1 bn, which becomes the second biggest IPO of a Russian issuer on the LSE after Sistema itself.
Sistema-Hals IPO on the LSE
The Corporation raised $409 mn from the IPO of its real estate developer Sistema-Hals on the London Stock Exchange.
Cosmos hotel was acquired
Intourist Hotel Group acquireв a stake in Moscow's biggest hotel, Cosmos, and becomes its majority shareholder.
Establishment of a pharma company
Sistema established Binnopharm, a biopharmaceutical company which is to become one of Russia's leading producers and distributors of medications with an in-house R&D division.
SITRONICS and Siemens set up a Joint Venture
Siemens AG and Sitronics signed an agreement and established a joint venture Innovative Research Center Ltd.