AFK Sistema PAO (SSAq.L)
14 Dec 2017
MOSCOW Russian business conglomerate Sistema has pulled a sale of shares in Detsky Mir after its stake in the toy retailer was frozen by a court at the request of oil giant Rosneft.
* Its entire stake in Detsky Mir frozen shortly after share offer
MOSCOW, Dec 13 Russian business conglomerate Sistema said on Wednesday the offering of Detsky Mir shares had been cancelled, after its stake in the country's largest toy retailer was frozen by court at the request of Rosneft.
MOSCOW, Dec 13 Shares in Russian business conglomerate Sistema fell 9 percent in early trade on Wednesday after a Russian court froze around $1.7 billion of its assets.
MOSCOW A Russian court on Tuesday froze around $1.7 billion of conglomerate Sistema's assets at the request of oil major Rosneft, the TASS news agency reported.
* Other seized assets include bank, agriculture unit (Recasts with court freezing on Sistema assets; updates shares)
MOSCOW, Dec 12 A Russian court on Tuesday froze Sistema's 52 percent stake in retailer Detsky Mir worth 33.8 billion roubles ($570.30 million), the TASS news agency reported.
MOSCOW Russia's Sistema said on Tuesday a demand by oil major Rosneft to apply a freezing injunction on some of Sistema's assets was groundless.
MOSCOW, Dec 12 Russia's Sistema said on Tuesday a demand by oil major Rosneft to apply a freezing injunction on some of Sistema's assets was groundless.
MOSCOW, Dec 12 Russian oil major Rosneft is seeking a freezing injunction in respect of some of Sistema's assets under its second legal claim against the conglomerate, the RIA news agency quoted a Rosneft spokesman as saying on Tuesday.