print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Sistema JSFC press releases

Sistema JSFC

August 23, 2017

Regarding the decision of the Republic of Bashkortostan Arbitration Court in the Rosneft case

Moscow, Russia – 23 August 2017– Sistema PJSFC (“Sistema” or “the Corporation”) (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, notes today’s decision by the Republic of Bashkortostan Arbitration Court to partially satisfy claims brought by Rosneft, PJSOC Bashneft and the Republic of Bashkortostan against the Corporation and JSC Sistema Invest seeking to recover damages allegedly suffered by the claimants as a result of the reorganisation of PJSOC Bashneft. According to the decision announced by the judge at the hearing, the court has ordered Sistema and Sistema-Invest to pay damages of RUB 136,273,554,065.

Sistema PJSFC disagrees with today’s court decision, which it considers to be unlawful and unfounded, and will file an appeal with the Eighteenth Arbitration Court of Appeal in Chelyabinsk within the time limit prescribed by the law. The decision of the Republic of Bashkortostan Arbitration Court will not come into effect until such time as the appeal court makes its decision.

***

For further information, please visit www.sistema.ru or contact:

IR Service

Yury Krebs

Tel.: +7 (495) 730 66 00

y.krebs@sistema.ru

Press service

Sergey Kopytov

Tel.: +7 (495) 228 15 32

kopytov@sistema.ru

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer