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  Financial Corporation "Sistema" REGISTER LOG IN

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

company search
all press releases
all Financial Corporation "Sistema" press releases

Financial Corporation "Sistema"

December 8, 2017

Sistema files lawsuit seeking damages from Rosneft and Bashneft

Moscow, 8 December 2017 – Sistema PJSFC (“Sistema” or “the Corporation”) (LSE: SSA, MOEX: AFKS), a publicly traded diversified Russian holding company, announces that it has filed a lawsuit in the Arbitration Court of the City of Moscow against Rosneft and PJSOC Bashneft (the “Defendants”) seeking damages of RUB 330,448,787,336.

During 2017 Rosneft and Bashneft have deliberately and in bad faith undertaken and continue to undertake a number of actions with the sole aim of unjustly enriching the Defendants and destroying Sistema’s shareholder value, driving the Corporation to bankruptcy and causing losses to the Corporation, its shareholders and creditors.

In this connection, Sistema has been forced to take actions to defend the legitimate interests of the Corporation, its employees, partners and shareholders, and has asked the court to compensate the losses caused.

At the same time, Sistema underscores its repeatedly stated readiness to find a swift resolution to the dispute on an honest and objective basis in the interests of all parties to the dispute and the broader Russian economy.

***

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 H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer