MOSCOW, RUSSIA: Sistema’s subsidiary LLC Sistema Telecom Assets has exercised its call option to acquire the stake owned by VTB Bank in Sinocom Investments Limited, which owns shares of Ristango Holding Limited (owner of 100% of Binnopharm Group’s authorised capital) for a total of RUB 9.06 billion. As a result of the transaction, the Corporation’s…
All posts tagged Binnopharm Group
Sistema and RDIF agree to jointly develop Binnopharm Group
MOSCOW: Sistema PJSFC has completed the establishment of the pharmaceutical holding company Binnopharm Group, a news release said. To create the pharmaceutical holding company, Sistema and its financial partner, VTB Group (VTB), contributed their 56.2% stake in OJSC Sintez (which includes CJSC Biocom) to the equity of Binnopharm Group. At the same time, Sistema, VTB…