OREANDA-NEWS. November 18, 2010. Sistema JSFC (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, which invests in, and is a major shareholder of, companies operating in different industries, today announced that it has completed the acquisition of 51% of JSC NIS – 25.5% from the Concern RTI Systems and 25.5% from JSC SITRONICS, according to the terms and conditions as originally disclosed on October 12, 2010, reported the press-centre of Sistema.

Sistema is the largest diversified public financial corporation in Russia and the CIS, which invests in, and is a major shareholder of, companies serving over 100 million customers in the sectors of telecommunications, high technology, oil and energy, radars and aerospace, banking, retail, mass-media, tourism and healthcare services.

Founded in 1993, the company reported revenues of USD 6.9 billion for the second quarter of 2010, and total assets of USD 40.2 billion as at June 30, 2010. Sistema’s global depository receipts are listed under the symbol “SSA” on the London Stock Exchange. Sistema’s ordinary shares are listed under the symbol “AFKS” on the RTS Stock Exchange, under the symbol “AFKC” on the MICEX Stock Exchange, and under the symbol “SIST” on the Moscow Stock Exchange (MSE).