Stock market quotes, forex, financial news, forex tools –

Systema sells, Etalon Group buys

 Breaking News
Systema sells, Etalon Group buys
February 19
13:00 2019

AFK Sistema will sell 51% of the “Leader Invest” to the company Etalon Group. The transaction will cost 15.2 billion rubles. According to representatives of the AFK Sistema, everything is ready for the sale. As soon as the transaction is executed, AFK Sistema will have a stake of 49% in the company Leader Invest.

We recall that the shares of AFK Sistema are traded on the London and Moscow stock exchanges. The main company’s profile is investing in the real sector of the Russian economy.

The sale of the share in Leader Invest development company to another developer Etalon Group will result in the positive reciprocal influence of companies. It is planned to reduce marketing and organizational costs as well as the building expenditure.

Etalon, Cyprus will pay for the purchase with a loan taken from Sberbank for 5 years at 10.1%. Such companies as J.P. Morgan, Allen & Overy and PwC act as the consultants of this transaction.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment