AFK Sistema decided to place 319868641 common stocks of MTS in pledge with Sberbank to back obligations on the non-renewable credit line released by Sberbank Feb. 16, 2018, the company informed.
The period of obligations coverage expires at the moment of the full observation of the terms by AFK Sistema.
The collateral value exceeds 64.615bn rub.
AFK Sistema (TIN 7703104630) is a public diversified corporation having 100mln users. It provides control over the diversified investment portfolio at the entities in different sectors of economy and keeps large assets in telecoms (MTS, Komstar-OTS, Svyazinvest), electronics (NIIME and Micron Plant, Sitronics TS (former STROM-Telecom), Sitronics and Sistema Gals; finances (MBRR, Dalkombank, East-West United Bank (EWUB).
The share capital is equal to 868.5mln rub. split in 9.65bn stocks of 0.09 rub. par. V.Evtushenko is a major holder.
The 9-month 2017 net profit (IAS) moved up 2.4% to 4.288bn rub.; corrected net profit being down 26% to 5.675bn rub. from 7.665bn rub.
The 9-month 2017 net profit (RAS) gained 92.02bn rub. vs. 14.593bn rub. in losses; revenues and gross profit declined 1.57 fold to 17.94bn rub. from 28.168bn rub.; pretax profit reached 94.173bn rub. vs. 13.59bn rub. in losses.
"AK&M", 14:20, 07.03.2018 1251 AKM,COR