Analyst Research

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

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

AFK Sistema OAO increases stake in CJSC Business Nedvizhimost to 100 pct


Tuesday, 1 Apr 2014 08:00pm EDT 

AFK Sistema OAO:Acquires 49 percent of the ordinary shares of CJSC Business Nedvizhimost (Business Nedvizhimost) from CJSC MGTS-Nedvizhimost, for 3.1 billion Russian rubles.As a result, Sistema now owns 100 percent of the company.Business Nedvizhimost was established in Sep. 2013, following the separation from CJSC MGTS-Nedvizhimost during its reorganization.Its main areas of operation are property management and leasing.Business Nedvizhimost owns 76 real estate sites located across Moscow which cover a total area of about 178,000 square metres and were used by MGTS as automatic telephone stations (ATS) prior to the implementation of GPON (Gigabit-capable Passive Optical Network) technology.The value of the stake was based upon an independent appraisal.