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Sistema becomes largest shareholder of Etalon Group

Sistema PJSFC (SSA)


Sistema becomes largest shareholder of Etalon Group

19-Feb-2019 / 19:00 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 becomes largest shareholder of Etalon Group

Moscow, Russia - 19 February 2019 - Sistema PJSFC ("Sistema") (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces the acquisition of a 25% stake in ETALON  GROUP PLC (together with its subsidiaries, "Etalon Group"), one of Russia's leading real estate development and construction companies, from Viacheslav Zarenkov, Etalon Group's founder and largest shareholder, and his family members, for USD 226.6 million.

 
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