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Sistema divests 51% stake in Leader Invest

Sistema PJSFC (SSA)


Sistema divests 51% stake in Leader Invest

19-Feb-2019 / 10:00 MSK


Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.


The issuer is solely responsible for the content of this announcement.


 

Sistema divests 51% stake in Leader Invest

Moscow, Russia - 19 February 2019 - Sistema PJSFC ("Sistema") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that Sistema Group has signed a binding agreement to sell 51% of the shares of Leader Invest JSC ("Leader Invest"), a leading Moscow-focused real estate developer, to ETALON GROUP PLC (together with its subsidiaries and affiliates "Etalon Group"), one of the largest development and construction companies in Russia,  for RUB 15.2 billion. As a result of the transaction, Sistema Group's stake in Leader Invest will amount to to 49%.

 
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