Monetization and consolidation of forestry business
In April 2021, Segezha Group held an IPO on the Moscow Exchange, having become the first Russian public timber company, and raised RUB 30 bn to finance its investment program. Following the consolidation of JSC Novoyeniseisky TCC in September, Segezha Group's allowable cut grew by 2.2m cu m, while sawn timber production capacity increased by 30% per annum. In December, Sistema sold an 8.7% stake in Segezha Group to Bonum Capital for USD 150 mn, having retained a 73.7% shareholding of the forestry company after the deal. Segezha Group acquired 24 timber assets in the Krasnoyarsk and Irkutsk regions and significant forest resources of LLC Inter Forest Rus from Bonum Capital for USD 515 mn. The transaction doubled Segezha Group's allowable cut to 23.6 m cu m, making it one of the world's biggest forest users.
Artificial Intelligence development
In December, Sistema Venture Capital exited VisionLabs, one of the global leaders in computer vision and machine learning. MTS signed binding documents for acquisition a controlling stake from the founders of VisionLabs, which before the deal held 51.77% of shares, and also 25.07% from Sber's structures and 23.16% from Sistema_VC for about RUB 7 bn. VisionLabs has become the biggest portfolio company of Intema, which was established by MTS Artificial Intelligence Center (MTS AI) as a new brand aimed at developing marketable AI products and operating on international markets.
Entering the ESG Alliance
Sistema joined, as one of the cofounders, the National ESG Alliance, that was designed as a permanent platform for dialogue and engagement of all stakeholders, exchange of knowledge and experience between various business segments, the government and society, and development and promotion of new ESG norms and standards for sustainability.