Events

Sberbank acquired stake in Detsky Mir

Sistema sold 25%+1 share in Detsky Mir Center OJSC to Sberbank of Russia through an additional share issue. Detsky Mir-Center issues 743 shares with a par value of RUB 100, representing 25% + 1 share of the Company’s share capital after the additional issue. The shares were placed at approximately RUB 4.6 mn per share.

Sistema acquired 49% of RussNeft

Sistema signed a purchase agreement for 49% of the RussNeft, a Top 10 Russian oil company, for around $100 mn.

Acquisition of NIS and M2M Telematics

Sistema acquired 51% of OJSC NIS (25.5% from RTI-Systems Concern and 25.5% from SITRONICS) – the federal operator of satellite navigation services responsible for commercialization of the Russian satellite navigation system GLONASS. The Corporation also bought a 51% stake in M2M Telematics, which operated in the market of satellite traffic monitoring. In 2012, a controlling stake in M2M Telematics was transferred to NIS, which subsequently was integtated into MTS Group.

Exit from Sistema-Hals

Sistema sold the remaining 27.6% stake in Sistema-Hals to Blairwood Limited and Stoneflower Limited for $70 mn.