Events

Expansion of healthcare business

Medsi commenced a merger of assets with the State Unitary Enterprise Medical Centre (SUE). Medsi initiated an additional share issuance via a closed subscription. SUE paid for the shares issued to it with its property, which has a market value of RUB 6.043 bn, and received a 25.02% stake in the integrated medical company. As part of a public-private partnership, Medsi included 3 adult clinics, 1 children's clinic, 3 clinical hospitals and 2 sanatoriums.

ELC entered the Russian market

<p> Detsky Mir began developing a retail chain under the well-known British brand Early Learning Centre (ELC) in Russia. </p> <p> <br> </p> <p> </p>

Sistema partnership with members of the Louis-Dreyfus family

Sistema and members of the Louis-Dreyfus family established a join venture in the farming business combined the partners’ agricultural assets, totaling approx 90 000 hectares.

MTS Bank affiliated Dalcombank

MTS Bank took over one of the leading banks in the Russian Far East, Khabarovsk-based Dalcombank, aquired in 2008.

GPON deployment in Moscow

MGTS began to deploy a high-speed GPON network in Moscow, which offes millions of subscribers internet services with a speed of up to 100 Mbit/sec or even higher.

RTI consolidated SITRONICS

<p> As a result of Voluntary Tender Offer and later squeeze-out procedure RTI's total ownership stake in SITRONICS amounted to 100% of the company's share capital. On 23 August 2012, SITRONICS was delisted from the London Stock Exchange. <sub></sub><sup></sup><br> </p> <p> </p> <p> <br> </p>

IT investment

RTI and NVision Group's managing company completed the deal for the strategic integration of RTI's and NVision's assets in the field of information and communication technology. RTI Group paid a total cash consideration of RUB 3 bn, and contributed certain assets, getting 50% + 0.5 shares of NVision.

Rail investments

Sistema won the privatisation tender to acquire 100% ownership stake in SG-trans, Russia’s largest independent provider of specialised railcars for transportation of liquefied petroleum gas, for RUB 22.77 bn. The Corporation also bought 50% in Financial Alliance, a professional railstock operator, for RUB 3.41 bn from Bashneft, which had acquired the company in August 2012, transferring about 4,500 railcars to it.

Exit from power generation

Following the division of Bashkirenergo's grid and generating assets, Bashkir Power Grid Company (BPGC) was established to transmit electricity between the central part of Russia and the Urals and distribute it to consumers in Bashkortostan. The Corporation exited the power generating business, and its subsidiary Sistema Invest received 92.48% in the power grid business and RUB 11.2 bn from INTER RAO