OREANDA-NEWS. Sistema JSFC ("Sistema") (LSE: SSA) the largest publicly-traded diversified holding company in Russia and the CIS, announces that, on July 11, 2014, its 100% owned subsidiary, Sistema Finance OJSC, agreed to acquire 162,837,500 of Sistema's ordinary shares for approximately RUB 7.6 billion, which today became binding following the expiration of the seller's termination right. The acquisition is being conducted as a block trade from a non-affiliated seller and represents 1.7% of Sistema's issued share capital. The shares are being purchased for general corporate purposes. As a result of the transaction, Sistema Group's holding of treasury shares will be 4.53% of Sistema's total issued capital.

Sistema is the largest publicly-traded diversified holding company 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 8.2 billion for the first quarter of 2014, and total assets of USD 41.5billion as at March 31, 2014. 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 Moscow Exchange. Sistema was ranked number 308 in the 2013 edition of the Fortune Global 500 list.