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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Mobile TeleSystems Public Joint Stock Company | NYSE:MBT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.50 | 0 | 01:00:00 |
From Apr 2019 to Apr 2024
By Olga Razumovskaya
MOSCOW--Russian conglomerate AFK Sistema has sold a 1.27% stake in the leading Russian mobile operator OAO Mobile TeleSystems for $100.4 million, Sistema said Friday on its website.
The stake was sold in the form of American Depository shares to a non-affiliated buyer, the statement said.
AFK Sistema continues to control the mobile operator, holding 50.44% of MTS's share capital.
"This transaction will help us to further strengthen Sistema's investment resources and diversify its investment portfolio where MTS remains a core asset," Sistema's Chief Executive Mikhail Shamolin said. "It is fundamental that we have retained control in MTS, and we do intend to remain the operator's controlling owner going forward," he added.
Write to Olga Razumovskaya at Olga.Razumovskaya@wsj.com
(END) Dow Jones Newswires
September 23, 2016 08:31 ET (12:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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