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Press Releases > Financial Corporation "Sistema"  all about the company

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Financial Corporation "Sistema"

December 9, 2014

Sistema transfers its ownership in Bashneft to the Russian Federation

Moscow, Russia – December 9, 2014 – Sistema JSFC (“Sistema”) (LSE: SSA), today announces that, in accordance with the decision of the Arbitrazh (Commercial) Court of the City of Moscow dated November 7, 2014, which entered into force on December 09, 2014, Sistema and its subsidiary CJSC Sistema-Invest have transferred their 122,971,934 ordinary shares and 6,192,245 preferred shares in OJSC Bashneft (the “Shares”) to state ownership, represented by the Federal Property Management Agency (Rosimuschestvo). The Shares represent 71.6% of Bashneft charter capital.

 ***

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

Investor Relations

Evgeniy Chuikov

Tel: +7 (495) 692 11 00

ir@sistema.ru

Public Relations

Sergey Kopytov

Tel.: +7 (495) 228 15 27

kopytov@sistema.ru

 

 

 

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