High-tech assets reorganization
Sistema and the Bank of Moscow establish RTI, a leading Russian developer, producer and supplier of complex technological solutions, radars and microelectronics. The Bank of Moscow contributed RUB 3 bn to the new company's equity, and the Corporation in turn contributed its 97% stake in RTI Systems and RUB 2.88 bn in cash. Later this year, Sistema also sold its 63% stake in SITRONICS to RTI.