28th Sep 2012 14:39
SISTEMA NOTES RENAISSANCE CAPITAL ANNOUNCEMENT RE RESULTS OF TENDER FOR ACQUISITION OF SG-TRANS OJSC
Moscow, Russia - September 28, 2012 - Sistema JSFC ("Sistema" or the "Company") (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, notes a press release published by Renaissance Capital (available on the Renaissance Group website), referring to the completion of a competitive process to select a purchaser for a 100% ownership stake in SG-trans OJSC, the Russian market's largest independent provider of specialized railcars for transportation of liquefied petroleum gas (LPG). In line with its strategy to diversify and grow its asset base, Sistema confirms that it has participated in the selective process and submitted the leading bid price of RUB 22.77 billion. As stated in Renaissance Capital's release, the buyer, the price and other material terms of the transaction are subject to approval by order of the Government of the Russian Federation. Any further announcements will be made in due course.
The Company is not an investment company, and is not and will not be registered as such, under the U.S. Investment Company Act of 1940.
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For further information, please visit www.sistema.com or contact:
| Investor Relations | Public Relations | ||||
| Evgeniy Chuikov | Vsevolod Sementsov | ||||
| Tel.: +7 (495) 692 1100 | Tel.:+7 (495) 730 1705 | ||||
Sistema is the largest publicly-traded diversified holding company in Russia and the CIS, which invests in and is a major shareholder of companies serving over 100 million customers in the sectors of telecommunications, high technology, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services. Founded in 1993, the company reported revenues of US$ 8.1 billion for the second quarter of 2012, and total assets of US$ 43.6 billion as at June 30, 2012. Sistema's global depositary receipts are listed under the symbol "SSA" on the London Stock Exchange. Sistema's ordinary shares are listed under the symbol "AFKS" on the MICEX-RTS Stock Exchange, and under the symbol "SIST" on the Moscow Stock Exchange (MSE). Sistema was ranked number 315 in the 2011 edition of the Fortune Global 500 list. Website: www.sistema.com
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Sistema. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to Sistema and its operations.
This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares or other securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the shares or securities of JSFC Sistema and/or any of its subsidiaries and affiliated companies.
Copyright Business Wire 2012
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