Mobile TeleSystems Public Joint Stock Company acquired 70% stake in Sistema Capital Management Company, LLC from Sistema Public Joint Stock Financial Corporation.
Mobile TeleSystems Public Joint Stock Company (NYSE:MBT) completed the acquisition of a 70% stake in Sistema Capital Management Company, LLC from Sistema Public Joint Stock Financial Corporation (MISX:AFKS) on September 27, 2021. The deal value is RUB 26 million net of cash acquired and RUB 90 million assumed liabilities.