MOSCOW, RUSSIA: Sistema PJSFC has sold 8.7% of the ordinary shares of PJSC Segezha Group, a leading timber holding company, to Bonum Capital Ltd for $150 million. Following the closing of the transaction, the Corporation’s stake in the share capital of Segezha Group stood at 62.2%. Prior to the closing of the transaction, Segezha Group…
Tag: Sistema
Sistema to partially sell stake in Segezha Group for $150mn
MOSCOW, RUSSIA: Sistema PJSFC has entered into an agreement to sell certain amount of ordinary shares of PJSC Segezha Group, a leading vertically integrated holding company in the timber industry performing a full cycle of operations from logging to advanced wood processing, to Bonum Capital Ltd for a total price of USD 150 million. The…
Sistema increases ownership stake in OJSC Sintez
MOSCOW: Sistema’s fully owned subsidiary LLC Sistema Telecom Assets has acquired 32.4% of the share capital of OJSC Sintez, a subsidiary of pharmaceutical holding company Binnopharm Group from JSC National Immunobiological Company (Nacimbio). “Increasing our ownership stake in OJSC Sintez is consistent with Sistema’s strategy of strengthening our position on the pharmaceuticals market and transforming…
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…
Sistema becomes shareholder of pharmaceutical businesses Sintez and Biocom
MOSCOW: Sistema, a publicly traded diversified Russian holding company, has completed the acquisition, together with a financial partner, of a 46.5% equity stake in Sintez Kurganskoe Medical Products Company (Sintez) and a 75.1% equity stake in Biocom, through holding company Sinocom Investments Limited (Sinocom), from investment firm Marathon Group for a consideration of RUB 11.8…