Elektrozavodsky

Sistema PJSFC: Joint venture of Sistema and Sber completes acquisition of an additional stake in JSC Elektrozavod

Retrieved on: 
Monday, March 1, 2021
Elektrozavodsky, Elektrozavodskaya, UFA

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • As a result of the transaction, the Purchaser's total stake in JSC Elektrozavod has reached 94.01%.
  • In December 2020, the Purchaser acquired a 64.37% stake in JSC Elektrozavod and 100% in LLC Elektrokombinat (together, "Elektrozavod Group") from certain private investors for RUB 24.7bn.
  • Elektrozavod Group includes transformer equipment production facilities in Moscow and Ufa, maintenance divisions, research and design institutes, an engineering centre and land plots totalling 19 hectares near the Elektrozavodskaya metro station in Moscow.

Sistema PJSFC: Sistema agrees to acquire Elektrozavod Group

Retrieved on: 
Wednesday, December 23, 2020
Sistema, MOEX, Elektrozavodsky, Moscow, Companies

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • 23 December 2020, Moscow - Sistema PJSFC ("Sistema" or the "Corporation", together with its subsidiaries and associates, "Sistema Group") (LSE: SSA, MOEX: AFKS), a Russian public diversified holding company, announces that its affiliate LLC Megapolis Invest has entered into agreements to acquire a 64.37% share in JSC Elektrozavod and control over 100% in LLC Elektrokombinat ("Elektrozavod Group") from certain private investors for RUB 24.7bn (with a net cash position) with the goal of creating Russia's leading manufacturer of transformer equipment and implementing a real estate development project on land plots located in Moscow owned by Elektrozavod Group (the "Transaction").
  • The Transaction is expected to be financed via investments to be provided by Sistema Group (in the total amount of up to RUB 11.0bn) and certain third-party partners.
  • Elektrozavod Group includes transformer equipment production facilities in Moscow and Ufa, maintenance divisions, research and design institutes, an engineering centre and land plots totalling 19 hectares near the Elektrozavodskaya metro station in Moscow.