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MTS Completes the Deal to Buy 70% of Sistema Capital

September 28, 2021, 12:12 (UTC+3)|
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MTS, Russia’s largest telecom operator closed the deal to acquire a 70% stake in Sistema Capital for $48 million (3.5 billion rubles). As a result, the share of the mobile operator in the company increased to 100%.

The parties signed the binding agreements in mid-September. With the transaction, the company plans to increase its market positions in digital investment services, MTS noted.

Original (in Russian)

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