Events

Monetisation of a Detsky Mir stake

Sistema sold 23.1% of Detsky Mir to the Russia-China Investment Fund (RCIF) for RUB 9.75 bn.

Acquisition of Kronshtadt Group

Sistema paid RUB 4.8 bn to Industrial Investors Group and its partners for 100% of Kronstadt Group, which comprised a range of Russian innovative companies developing state-of-the-art high-tech products and world-class solutions for aircraft engineering, security and transport, including manufacturing of commercial air drones.

Consolidation of healthcare assets

The Corporation acquires 25.02% of shares in CJSC Medsi Group from State Unitary Enterprise Medical Centre of the Moscow Mayor and City Administration. Increase of Sistema's stake in Medsi to 100% enhanced the efficiency of the company's management and made it possible to start active expansion of the private clinic chain and to build new healthcare facilities.

Segezha Group's expansion

Segezha Group acquired a controlling stake in Lesosibirsk Woodworking Plant No 1, one of Russia's largest producers of sawn timber, fibreboards, planed timber and wooden furniture,based in the Krasnodar region.

Sistema venture capital in Asia

Sistema established Sistema Asia Fund, a venture capital fund in Singapore, which specialises in investments in high-tech companies in India and Southeast Asia.

Investing in European Real Estate

Sistema Capital Partners, a fund investing Russian capital in the developed real estate markets, was established as part of Sistema Finance S.A. – foreign investment platform of the Corporation with a focus on Europe.

LTE launch in Russia

MTS deployed LTE networks in all 83 regions of operations and starts testing 5G in Russia.

Investment in development

LLC Razvitie, a joint venture of Sistema and LSR Group, won an open tender for the right to acquire 100% of LLC ZIL-Yug, owned development rights for the waste territory in the southern premises of the now-defunct automobile manufacturer ZIL. Sistema's subsidiary Leader-Invest, charged with managing the project on behalf of the Corporation, already had another development project in the same industrial park, called Nagatino i-Land.