Sistema announced the arrest of company-owned MTS shares, “meds” and BESK

MOSCOW, June 26. /TASS/. Sistema received from the Federal bailiff service of an order to arrest 31,76% of MTS shares, 100% shares of the group and 90,47% stake in BESK. This is stated in the message of the investment company.

“The arrest was effected on the basis of a judicial act of Arbitration court of Republic Bashkortostan in support of requirements under the claim of JSC “NK “Rosneft”, JSC ANK “Bashneft” and the Republic of Bashkortostan submitted to AFK “Sistema” and JSC “Sistema-invest” in may of 2017. The Corporation will appeal as the court, and the resolution of the bailiff,” – said in a statement.

However, the spokesperson AFK Sergey Kopytov called the action “another attempt to exert unprecedented pressure on the company.”

He also noted that because the claim of “Rosneft”, the shareholders of Sistema and MTS lost more than 150 billion rubles. “After the adoption of interim measures their loss is likely to increase significantly”, – he said.

The representative of “the System” stressed that “it is especially outrageous in view of the fact that the judicial process is generally applicable to corporate actions, which were carried out openly and publicly in 2014 and was never challenged”.

At the same time, the company indicated that AFK “System” on the backdrop of the arrest of the shares of its subsidiaries statement about the high solvency of the group.

“Sistema is one of Russia’s largest companies, the value of its net assets significantly exceeds the amount of the damages allegedly suffered by plaintiffs and filed by them to recover. In addition, the group had and has a high level of solvency and confidence of the participants in the debt capital market”, – stated in the message of the AFC.