Bashneft: Shares Back in State Hands
Today, JSOC Bashneft was notified by its registrar, OJSC Reestr, that the Company’s majority shareholder has changed. According to the notification, 122,971,934 ordinary shares and 6,192,245 preferred shares of JSOC Bashneft (71.62% of its authorized share capital) have been transferred from the accounts of OJSC JSFC Sistema and CJSC Sistema-Invest …
Sistema: Financial Results and Reviews Post Bashneft Investment Strategy
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, today announces its unaudited consolidated US GAAP financial results for the third quarter ended September 30, 2014. BASHNEFT RELATED EVENTS On September 24, 2014, a civil claim was filed with the Arbitrazh (Commercial) Court of the City …
Sistema: Not To Challenge Court Order on Return of Bashneft Shares to the State, Will Pursue Claims Against Original Sellers
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, announces that Sistema’s Board of Directors has carefully considered and decided not to appeal the decision of the Arbitrazh (Commercial) Court of the City of Moscow dated November 7th , 2014, which ruled that shares of JSOC …
Sistema: Statement on Court Ruling – Sistema Disagrees with the Decision and is Considering an Appeal
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, announces that today the Arbitrazh (Commercial) Court of the City of Moscow ruled in favour of the civil claim seeking to return the shares of JSOC Bashneft owned by Sistema and its subsidiary Sistema-Invest to the Russian …
Sistema: Statement Regarding Press Coverage
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, notes the movement in the share price and the media coverage regarding restrictions on transactions with the shares of Bashneft OJSC owned by Sistema and CJSC Sistema-Invest imposed by the Moscow Court of Arbitration. The Company is …
Sistema: Vladimir Yevtushenkov’s House Arrest Extended to the 16th of November
A Moscow court ordered wealthy businessman Vladimir Yevtushenkov on Thursday to remain under house arrest until Nov. 16, sending shares in his company Sistema sharply lower in a case that has shocked Russia’s business community and unnerved investors reported Vladimir Soldatkin. * Yevtushenkov to stay under house arrest until Nov. …
Sistema: Vladimir Yevtushenkov's House Arrest Extended to the 16th of November
A Moscow court ordered wealthy businessman Vladimir Yevtushenkov on Thursday to remain under house arrest until Nov. 16, sending shares in his company Sistema sharply lower in a case that has shocked Russia’s business community and unnerved investors reported Vladimir Soldatkin. * Yevtushenkov to stay under house arrest until Nov. …
Sistema: Fails to Complete United Petrochemical Company Acquisition
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, announces that the acquisition of a 98% stake in OJSC United Petrochemical Company (“UPC”) from the Group’s subsidiary JSOC Bashneft has not been completed. Bashneft retains ownership of UPC.
Bashneft Sells Oilfield Service Assets
Bashneft has sold a 100% stake in the authorized share capital of LLC Bashneft-ServiceAssets to OJSC JSFC Sistema. The transaction value determined by an independent appraiser amounted to 4.1 billion roubles The transaction approved by Bashneft’s Board of Directors forms part of Bashneft’s strategy for divesting the Company’s non-core assets. As has been reported earlier, in the first quarter of 2013, Bashneft completed the establishment of an oilfield service holding …