DJ Sistema PJSFC: Binnopharm Group increases stake in Sintez to 88.6%
Sistema PJSFC (SSA)
Sistema PJSFC: Binnopharm Group increases stake in Sintez to 88.6%
12-May-2021 / 10:00 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Binnopharm Group increases stake in Sintez to 88.6%
12 May 2021, Moscow - Sistema PJSFC ("Sistema", the "Corporation" or, together with its subsidiaries and affiliates,
the "Group") (LSE: SSA, MOEX: AFKS), a publicly traded Russian investment company, announces that its fully owned
subsidiary LLC Sistema Telecom Assets has contributed its 32.4% stake in OJSC Sintez to the authorised capital of LLC
Binnopharm Group. Following the transaction, Binnopharm Group has increased its stake in OJSC Sintez to 88.6%.
As a result, the effective stake in Binnopharm Group owned by Sistema together with VTB, Sistema's financial partner in
the development of the pharmaceuticals business, now stands at 86.5%. A consortium of investors consisting of the
Russian Direct Investment Fund ("RDIF"), the Russia-China Investment Fund (co-founded by RDIF and China Investment
Corporation) and leading Middle Eastern funds holds 12.5%, with the remaining 1% owned by a minority shareholder (an
individual).
Binnopharm Group is a full-cycle Russian pharmaceutical holding company that combines five production sites across
Russia: JSC Alium (formerly OBL Pharm; Serpukhov district, Moscow region), JSC Binnopharm (two sites at Zelenograd and
Krasnogorsk), JSC Sintez (Kurgan) and JSC Biocom (Stavropol). Binnopharm Group companies produce a wide range of drugs
in various therapeutic groups and have the largest portfolio of drugs among Russian manufacturers with more than 450
marketing authorisations, including the COVID-19 vaccine Sputnik V.
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For further information, please visit www.sistema.ru or contact:
Press Service of Sistema IR Service
Sergey Kopytov Nikolai Minashin
Phone: +7 (495) 228 15 32 Phone: +7 (495) 730 66 00
kopytov@sistema.ru n.minashin@sistema.ru
Sistema PJSFC is a publicly traded Russian investment company with a diversified portfolio of assets serving over 150 million customers in the sectors of telecommunications, high technology, financial services, retail, paper and packaging, agriculture, real estate, tourism and medical services. The company was founded in 1993. Revenue in 2020 was RUB 691.6 billion; total assets equalled RUB 1.4 trillion as of 31 December 2020. Sistema's global depositary receipts are listed under the "SSA" ticker on the London Stock Exchange. Sistema's ordinary shares are listed under the "AFKS" ticker on the Moscow Exchange. Website: www.sistema.com. -----------------------------------------------------------------------------------------------------------------------
ISIN: US48122U2042 Category Code: MSCH TIDM: SSA LEI Code: 213800JSZ2UUK4QQK694 Sequence No.: 104444 EQS News ID: 1195434 End of Announcement EQS News Service =------------------------------------------------------------------------------------ Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1195434&application_name=news
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May 12, 2021 03:00 ET (07:00 GMT)
