MOSCOW: Sistema PJSFC’s subsidiary Segezha Group PJSC announced its intention to conduct an initial public offering (IPO) of ordinary shares and to list on Moscow Exchange. The Offering will consist of a primary offering of newly issued shares expected to raise at least RUB 30 billion and an over-allotment option of secondary shares of up…
Sistema PJSFC (LSE: SSA, MOEX: AFKS) is a publicly traded Russian investment company with a diversified portfolio of assets serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, e-commerce, timber processing, agriculture, real estate, hospitality and healthcare. The company was founded in 1993. Its revenue in 2019 reached RUB 656.9bn,…
MOSCOW: Sistema PJSFC has agreed with PJSC Sberbank to open a RUB 10 billion framework credit line, with the option to tie the interest rate on each loan to sustainability performance (Sustainability Improvement Loan). By entering this agreement, Sistema has committed to adopting its Environmental Policy and integrating responsible investment principles into its investment process….