OREANDA-NEWS. August 22, 2011. Sistema (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, announces that OJSC Sistema Finance, its 100% owned subsidiary, has acquired 17,813,600 Sistema ordinary shares, equal to 0.18% of Sistema’s total share capital, reported the press-centre of Sistema.

The shares will be used for corporate purposes.

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 US\\$ 7.8 billion for the first quarter of 2011, and total assets of USD 46 billion as at March 31, 2011. 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). Sistema was ranked number 342 in the 2010 edition of the Fortune Global 500 list.