Sistema PJSFC: VTB Capital invests in Binnopharm Group
Retrieved on:
Tuesday, June 29, 2021
Moscow, 29 June 2021 - VTB Capital has invested in the pharmaceutical holding company Binnopharm Group.
Key Points:
- Moscow, 29 June 2021 - VTB Capital has invested in the pharmaceutical holding company Binnopharm Group.
- Sistema's wholly-owned subsidiary LLC Sistema Telecom Assets sold an 11.2% stake in Ristango Holding Limited, which owns 100% of the authorised capital of Binnopharm Group, to Nevsky Property Investments Limited (controlled by VTB Capital).
- Our cooperation within the pharmaceutical holding company will continue, but VTB Group will play a new role as Binnopharm Group's shareholder.
- Sistema remains the main managing shareholder of Binnopharm Group and will continue to implement its development strategy."