Sistema
 | |
Native name | АО АФК Система |
|---|---|
| Public (OAO) | |
| Traded as |
MCX: AFKS LSE: SSA |
| Industry | Conglomerate |
| Founded | 1993 |
| Headquarters | Moscow, Russia |
Key people | Vladimir Yevtushenkov (Chairman and CEO) |
| Products |
Telecommunications Banking Real Estate Retail Media Tourism Space Technology Medical Services Biotechnology |
| Revenue |
 US$ 34.2 billion (2012) |
|
US$ 946.8 million (2012) | |
Number of employees | 70,000 |
| Subsidiaries |
Mobile TeleSystems Moscow City Telephone Network SkyLink Reliance Communications Sitronics |
| Website |
www |
Sistema is a large Russian conglomerate company, headed by Vladimir Yevtushenkov. In March 2006, Yevtushenkov controlled 62% of the shares in Sistema.[1]
Sistema has its headquarters in Moscow, and operates a number of consumer service businesses in the areas of:
- IT and telecoms — Mobile TeleSystems, Moscow City Telephone Network, SkyLink, MTS India.
- Microelectronics — Sitronics (formerly known as 'Science Center Concern'), NIIME, Mikron, STROM telecom.
- Insurance — ROSNO
- Banking — MBRD (Moscow Bank for Reconstruction and Development)
- House-Building — Sistema-Hals
- Retail — Detsky Mir Group
- Media — Sistema Mass Media
- Oil businesses — Ufaorgsintez, Novoil, Ufaneftehim, Ufimskiy NPZ, Bashkirnefteprodukt, Bashkirenergo.
- Other businesses — Intourist (Travel Services), RTI Systems (Radio and space technology), Binopharm (Pharmaceuticals), Olympic Sistema (Sport)
The company's Global Depository Receipts (GDRs) are traded on the London Stock Exchange under the ticker symbol "SSA".
Bashneft interest seizure and Rosneft lawsuit
In 2014, 72% of Sistema's interest in Bashneft was seized by the Russian government.[2][3]
On May 3 2017, Sistema shares plunged about 37% following a $1.9 billion lawsuit filed by Rosneft.[4]
References
- ↑ Source: http://www.sistema.com/section.html?s=143
- ↑ Natasha Doff and Ksenia Galouchko (December 18, 2014). "Sistema Shares Soar as Putin Says Evtushenkov Charges Not Proven" (Bloomberg Business News). Bloomberg News. Retrieved December 27, 2014.
Russia has seized 71.6 percent of OAO Bashneft from Sistema since ordering Evtushenkov’s arrest on Sept. 16 in a money-laundering investigation linked to the state’s sale of the oil company in the previous decade.
- ↑ Steven Lee Myersand Jo Becker (December 26, 2014). "Even Loyalty No Guarantee Against Putin". The New York Times. The Times Company. Retrieved December 27, 2014.
Mr. Rakhimov’s government privatized Bashneft, with most of its shares ending up in the hands of a company called Bashkir Capital
- ↑ Reuters (2017-05-03). "Sistema shares plunge a third after $1.9 billion Rosneft lawsuit". Moscow. Retrieved 2017-05-04.
External links
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 MSCI Russia companies of Russia (June 1, 2017) | |
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