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BRIEF-Russia's Sistema ‍to retain stake in MTS after share buyback​
September 6, 2017 / 7:38 AM / 14 days ago

BRIEF-Russia's Sistema ‍to retain stake in MTS after share buyback​

Sept 6 (Reuters) - Russian industrial conglomerate Sistema says:

* To retain its stake in MTS after the telecoms operator’s share buyback;

* Sistema subsidiary Sistema Finance S.A. has signed a sale and purchase agreement for shares in MTS;

* Sistema Finance may sell to the purchaser ordinary shares of MTS in the amount calculated based on the number of shares to be purchased by the purchaser in the open market in proportion to Sistema Group’s effective equity stake in MTS (50.004 percent as of Sept. 6, 2017). Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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