Sistema PJSFC: Joint venture of Sistema and Sber completes acquisition of an additional stake in JSC Elektrozavod
Retrieved on:
Monday, March 1, 2021
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.