Telecom assets convergence

Sistema completed the sale of a 50.91% stake in COMSTAR-UTS to MTS for approximately $1.32 bn.

Investments in microelectronics

Sistema and RUSNANO agreed to launch a serial production of 90 nm integrated circuits using on the basis of Molecular Electronics Research Institute and Mikron industrial facilities in Zelenograd, with prospects of developing new Russian technologies and innovative products.

Gaining control over Bashkir fuel & energy companies

Sistema acquired controlling stakes in BashTEK companies. Its shareholding in Bashneft reaches 76.5%. Sistema Group now also owns OJSC Bashkirenergo, one of Russia's biggest regional energy systems.

Exit from insurance business

Sistema completed its exit from ROSNO by selling the remaining 3% stake to Allianz AG for €34 mn.

Sale of Sistema-Hals

Sistema sold a controlling stake (51.24%) in Sistema Hals to Bank VTB, that exercised the call option.