Sistema Inks Deal to Take Over Agros Group

Moscow Times 31 October 2012 AFK Sistema has signed a non-binding agreement to buy 100 percent in Argos Group, the largest independent group in the Western European downstream oil market. “The contemplated transaction is subject to completion of due diligence...

Sistema to Strike $3Bln Deal

Moscow Times 17 September 2012 AFK Sistema will acquire a controlling stake in Indian mobile operator Aircel Communications for around $3 billion, the Economic Times reported, citing two persons familiar with the deal. Currently, Malaysia’s Maxis Communications...

Sistema Gets Full Control of Sitronics

Moscow Times 24 August 2012 RTI, a subsidiary of AFK Sistema, has acquired full control of technology company Sitronics, AFK Sistema said in a statement, Interfax reported. RTI bought global depositary receipts for 0.52 percent of Sitronics’ shares, increasing...