August 30, 2018 / 2:52 PM / 3 months ago

Russia's Sistema: no change to dividend policy, but de-leveraging key

MOSCOW, Aug 30 (Reuters) - Russia’s Sistema business conglomerate said it had no plans to change its dividend policy, but key priority for this year was reducing debt, Chief Financial Officer Vladimir Travkov said on Thursday.

“We still keep our current dividend policy and we are not going to change it anyhow but ... de-leveraging is our priority for this year,” Travkov said during a conference call for investors and analysts.

Sistema has piled up debt to settle a legal dispute over oil company Bashneft. (Reporting by Maria Kiselyova; editing by Vladimir Soldatkin)

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