Sistema PJSFC: Sistema increases effective stake in Binnopharm Group to 75.3%
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Monday, December 20, 2021
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As a result of the transaction, the Corporation's effective stake in Binnopharm Group has increased to 75.3%.
Key Points:
- As a result of the transaction, the Corporation's effective stake in Binnopharm Group has increased to 75.3%.
- On 13 December 2021 the Group exercised its call option to acquire VTB's stake in Sinocom Investments Limited for RUB 9.06 billion.
- On 28 July 2021, the Group exercised a call option to acquire VTB Bank (PJSC)'s stake in Ristango Holding Limited for RUB 6.7 billion.
- As a result, Sistema has become the largest shareholder in Ristango Holding Limited and through it also Binnopharm Group, with an effective stake of 75.3%.