Analyst Research

Report Title Price
Provider: Auerbach Grayson & Co., Inc.
$35.00
Provider: Auerbach Grayson & Co., Inc.
$35.00

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AFK Sistema OAO signs legally binding agreements to acquire CJSC NVision Group with CJSC RegionKapital


Thursday, 23 Jan 2014 02:00am EST 

AFK Sistema OAO:Signs legally binding agreements to acquire a 38.75 pct stake in CJSC NVision Group with CJSC RegionKapital (part of Marshall group, one of Russia’s private investment groups) and several other individual shareholders.Says the total value of the deal amounts to $82.5 mln, $37.5 mln of which will be paid in cash, and $ 45 mln in Sistema shares.Says upon completion of the deal, Sistema’s ownership in CJSC NVision Group will amount to 88.75 pct.Says the completion of the transaction is expected in the Q1 2014.