Events

Dairy production capacity increasing

Steppe AgroHolding increased capacity in the dairy farming segment. In March 2018, the company commissioned its 5th dairy farm for 1,800 cows. The new farm is expected to reach its design capacity of 20,000 t of milk per year in 2021. Thanks to the aggregate increase in capacity, milk production may grow from 40,000 t in 2017 to over 120,000 t 2023, which will make Steppe one of the top three players in the Russian market.

Detsky Mir enterd new market

The retailer entered a new market — retail sale of pet supplies — in line with its strategy to expand its business. The company opened four pilot pet stores under the 'Zoozavr' brand.

Segezha Group increased output and enhanced efficiency

The company launched the second line at the Vyatka Plywood Mill (Kirov region), increasing plywood output to 192,000 cu m and expanding the range of high-margin products, including large-size long-grain plywood. А pellet production from sawdust waste generated at the woodworking facility was launched at the Lesosibirsk Woodworking Plant in Krasnoyarsk area. The Segezha Pulp & Paper Mill commissioned a multi-fuel boiler that runs on bark waste, which will increase heat generation at the mill by 25% and reduce use of expensive fuel oil.

MTS Bank monetisation

MTS acquired a 28.63% stake in MTS Bank from Sistema for RUB 8.27 bn. In February 2019, Sistema divested an additional 39.5% stake in MTS Bank to MTS for RUB 11.4 bn, which reduced its ownership in MTS Bank to 5.0% and increased MTS’s stake to 94.7%. The transaction enabled MTS to consolidate its fintech business in Russia and to simplify operational management, making it possible to launch new products faster and to utilise MTS’s retail network more effectively in order to expand the bank’s footprint.

Investment in textile industry

Sistema in partnership with a consortium of investors consisting of the Trinfico Group and the National Investment Company made its first investment in the textile industry by acquiring Vologda Textile, a flagship of the Russian light industry with an 80-year history, planning to launch manufacturing of high-tech fabrics.

Leader Invest debuted in bond market

The development company successfully placed RUB 5 bn worth of bonds.