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.