Shares of AFK “Sistema” fell by 4% on court news

Moscow. June 6. INTERFAX.RU – Actions AFK “System” on Tuesday morning, lose in the price more than 4% on the news from the courtroom in Bashkiria, which considered the claim of “Rosneft” company.

On the “Moscow stock exchange” shares of AFK “Sistema” 10:21 Moscow time fell to 13.54 ruble (-4,4%), losing all growth the day before. Meanwhile, growing shares of “Mobile TeleSystems” (+1,1%) which are assets of the AFC.

The court granted the petition of Bashkortostan to join the claim of “Rosneft” against “the System” as a co-plaintiff, the correspondent of “Interfax” from the meeting. The representative of the Ministry of Bashkiria the court there noted that the present dispute is a corporate. In respect of “Bashneft”, “Rosneft” is the shareholder, and the Republic is also a shareholder. Therefore, Bashkiria seeks attraction of the Republic as a co-plaintiff on the claim of “Rosneft”.

Rosneft seeks to increase the amount of the claim to AFK “System” because of the conversion exchange rate, taking into account that “Rosneft” asks to increase the amount of the claim to 170,619 billion.

Bashkiria pre-supports an increase in the amount under the claim “Rosneft”, the “System” to 106.6 billion rubles to 170,6 billion rubles, and AFK Sistema, in turn, called “premature” a petition to increase the amount of the claim from Rosneft.