OREANDA-NEWS. December 05, 2011. Sistema JSFC (“Sistema”) (LSE: SSA), the largest diversified public financial corporation in Russia and the CIS, announces that it has executed an agreement with MTS relating to the sale of a 100% stake in CJSC Sistema-Inventure to MTS and completed the sale under such agreement, reported the press-centre of Sistema.

The sale was conducted in accordance with the terms described in the indicative offer received from MTS and disclosed on September 6, 2011.

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 9.0 billion for the second quarter of 2011, and total assets of USD 46.6 billion as at June 30, 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.