OJSC AFK Sistema. JSFC Sistema Creation of Cosmos Group for hotel business management

03 Jun, 19:38 2743 points made a new record for the Moscow Exchange index At the peak of trading on Monday, June 3, the Moscow Exchange index reached 2,743 points. This is the maximum in the entire history of trading in Russia. The record was helped by the rise in quotations of Gazprom and Sberbank, which have a large weight in calculating the index

03 Apr, 17:24 AFK Sistema increased revenue to ₽777 billion. What to do with shares The profit of the financial and industrial group AFK Sistema fell by 73%. At the same time, the company's revenue increased by 12%. Experts assessed Sistema's dividend yield and told whether the shares are worth buying

20 Feb, 14:05 AFK Sistema concluded four deals in one day. How will this affect stocks?
Russian investment AFK company Sistema announced four major transactions on the acquisition and sale of shares in different companies. Investors assessed the news positively. Shares of AFK Sistema increased by 1.54%.

27 Nov 2018, 16:59 The profit of the owner of MTS fell. Why experts assessed the reporting positively
The net profit of AFK Sistema in the third quarter decreased by 1.7 times. However, experts believe that the profit of this company is not decisive for shareholders, and call the reporting strong

08 Aug 2018, 13:04 Don't panic. AFK Sistema shares fell in price due to the risk of new sanctions
The US State Department will consider the possibility of imposing sanctions against billionaire Vladimir Yevtushenkov, the main shareholder and chairman of the board of directors of AFK Sistema. After this news, Sistema shares go down

30 Jul 2018, 17:42 "System" displayed " Children's world» out on bail. The stock price will go up
AFK Sistema repaid its debt to Gazprombank, which was secured by a controlling stake in Detsky Mir. This will spur growth in AFK stock prices, analysts are confident

02 Jul 2018, 20:36 Results of the day: Russian market grew up despite the despondency of the West Despite the fact that European and American markets are in the red, the Moscow Exchange index ended the day with growth. There is only one explanation: the market is waiting for good news from the upcoming meeting between Vladimir Putin and Donald Trump

02 Jul 2018, 12:58 Don't panic. AFK Sistema will not pay dividends according to its policy
Shareholders of Sistema JSFC approved the volume of dividend payments based on the results of 2017. This time, payments will be less than the level provided for by the dividend policy, but the company does not intend to abandon it.

22 Jun 2018, 16:09 Under pain of sanctions. Sistema shares fell by more than 10%, MTS - by 6%
Investors are afraid of the imposition of sanctions by the United States against Vladimir Yevtushenkov, the main beneficiary of the corporation. American congressmen claim that Sistema invested in projects in Crimea.

05 Jun 2018, 12:22 Don't panic. Sistema ended the quarter with a loss The reason for the loss is the transition to new reporting standards. By old standards the company is profitable. Analysts see potential for price growth, but from the point of view of dividends they call them unattractive.

AFK Sistema is the largest private investor in the real sector of the Russian economy. AFK Sistema conducts its history since 1993, when the corporation acquired its first assets in the fields of telecommunications, electronics, tourism, trade, oil refining, construction and real estate. To date investment portfolio AFK Sistema consists primarily of Russian companies representing various economic sectors, including telecommunications, retail trade, timber processing, agriculture, high technology, banking services, real estate, medical services and hotel business. JSFC Sistema is the controlling shareholder in most of its businesses.

Key assets AFK Sistema:

MTS is a leading Russian technology company providing mobile and fixed-line communications services, Internet access, TV broadcasting, digital services and mobile applications.

"Children's World" is the largest operator of children's goods trade in Russia and Kazakhstan, uniting stores under the Detsky Mir and ELC brands.

Segezha Group is a dynamically developing Russian timber industry holding with a vertically integrated structure and a full cycle of logging and advanced wood processing.

Agroholding "STEPPE" is a major player in the Russian agricultural industry, owning a diversified portfolio of assets in four key areas activities: crop production, dairy farming, horticulture and vegetable growing.

Medsi Group of Companies– a vertically integrated medical network providing a full range of services for children and adults.

Bashkir Electric Grid Company (BPGC) is one of the largest electric grid companies in Russia, providing electricity transit between the central part of the country and the Urals.

JSC "RTI" is a Russian research and production concern, a leading developer, manufacturer and supplier of complex technological solutions, such as radar systems, complex systems automated control and situation centers, communications.

JSC Leader-Invest is a development company implementing residential and commercial real estate projects in Moscow.

Cosmos Group- leading Russian management company in the hotel business.

JSC FP Obolenskoye is a Russian pharmaceutical company engaged in the development, production and promotion of modern, high-quality medicines in accordance with GMP and ISO standards.

Group "Kronstadt" is a Russian high-tech company specializing in the development and production of high-tech products.

Concept Group – retail company in the children's and women's clothing in Russia.

Mission AFK Sistema – construction classical investment company with multidisciplinary expertise and a guaranteed positive track record of managing shareholder and attracted capital, with investments mainly in new and innovative industries economies with an unlimited geographical and industrial landscape.

The scale and variety of ambitious tasks facing the Corporation's companies, as well as exceptional opportunities for rapid professional and career growth within the Group We attract both talented young people and accomplished professionals, leading Russian and foreign managers.

We strive to constantly improve the efficiency of personnel management, introduce advanced technologies in the field of attracting, evaluating, motivating, training and developing employees, attaching equal importance to this activity both in large public businesses and in dynamically developing non-public companies of the Corporation.

At the level of the Corporate Center of Sistema JSFC there are about 200 employees. We are interested in attracting highly qualified and ambitious professionals.

In 2013, the holding's adjusted net profit compared to 2012 increased by 11.1% and amounted to $2 billion, OIBDA amounted to $8.9 billion, which is 5.8% higher than in 2012. Sistema's net debt as of December 31, 2013 amounted to $296.8 million.

The main contribution was made by OJSC Mobile TeleSystems (MTS) and OJSC ANK Bashneft, which reported earlier. In just one year, both of these assets generated approximately 84% of the holding's total dollar revenue. In the case of MTS, total revenue for 2013 rose by 5.3% year-on-year, to RUB 398 billion. The main driver of its growth was the high-margin segment of mobile data transmission in the Russian Federation, which last year increased revenue by 43.4% year-on-year, to RUB 47.4 billion.

Sale of 39.48% shares of MTS Bank to MTS

2018

Investments in the Swiss-Russian developer of AR solutions for cars WayRay

On September 18, 2018, it became known that WayRay had attracted investments in the amount of $80 million. The Russian Direct Investment Fund (RDIF) together with a consortium of sovereign funds (Japan, Saudi Arabia, Kuwait, UAE, Bahrain) took part in the financial transaction, which was led by Porsche. including the Russian-Japanese Investment Fund (created by RDIF and JBIC), as well as Hyundai Motor, Alibaba Group, AFK Sistema, China Merchants Capital and JVC Kenwood funds. Read more.

Sale of part of its shares to MTS

The Board of Directors of Mobile Telesystems (MTS) in July 2018 approved new program repurchase of own shares (buy-back). The program will operate for two years. It is planned to purchase shares worth up to 30 billion rubles. The buyout will be handled by Bastion, a 100% subsidiary of MTS.

At the same time, it became known that the controlling shareholder of the MTS operator, AFK Sistema, intends to take part in the buyout. The subsidiary of AFK Sistema, Sistema-Finance, entered into an agreement with MTS for the purchase and sale of its shares.

The number of shares that Sistema will sell to MTS will depend on the total number of shares that MTS will buy, and will be proportional to Sistema's share in MTS.

Shares of AFK Sistema fell by 10% after proposals from the United States to impose sanctions

Securities of the Russian investment company AFK Sistema began to fall after the publication of a letter from members of Congress Mark Walker and Ilean Ros-Leytinen to the heads of the Ministry of Finance Steven Mnuchin and the State Department Mike Pompeo calling on them to study the possibility of including the Russian billionaire and the main beneficiary of AFK Sistema Vladimir on the sanctions list Evtushenkova. Congressmen noted that he was mentioned in the “Kremlin report” along with other Russian billionaires.

In addition, American congressmen emphasize that Yevtushenkov’s activities fall under the Countering America’s Adversaries Through Sanctions Act (CAATSA). The document provides for the extension of restrictions to everyone who carried out operations in Crimea or heads companies that carried out any activities on the peninsula. The authors of the letter indicated that the basis for extending sanctions to Yevtushenkov are investments made by his company in the construction of various facilities in Crimea.​

2017

Settlement agreement on the claim of Rosneft

AFK Sistema, whose asset is MTS, signed a settlement agreement with Rosneft, Bashneft and the Republic of Bashkortostan in December 2017. Under the terms of the agreement, the parties withdraw all claims and renounce all mutual claims, and Sistema undertakes to pay Bashneft 100 billion rubles by March 30, 2018.

AFK Sistema filed a claim against Rosneft for 330 billion rubles

AFK Sistema filed a lawsuit against Rosneft and Bashneft in the Moscow Arbitration Court: the company demands compensation for damages in the amount of about 330.45 billion rubles. This is stated in a message from Sistema received by RBC.

The amount of claims corresponds to the amount of dividends that Sistema received in 2009-2014. from Bashneft during the period of ownership of this company, minus taxes.

The plaintiffs point to an earlier decision by the same court that AFK Sistema illegally owned Bashneft. The plaintiffs call the size of the dividends paid “unprecedented.”

AFK Sistema consistently withdrew from Bashneft cash necessary to ensure the normal, uninterrupted and technically safe operation of society,” Rosneft said in a statement. “The result of this activity was a violation of the timing and quality of repair services, wear and tear of equipment, which led, in particular, to accidents at the factories of the Ufa group. All this necessitated the need to attract multibillion-dollar additional funds to ensure industrial safety Bashneft enterprises.

The court recovered 136 billion rubles from AFK Sistema based on the claim of Rosneft

In August 2017, the Arbitration Court of Bashkortostan recovered 136.4 billion rubles from AFK Sistema and its subsidiary Sistema-Invest in favor of Rosneft and its subsidiary Bashneft. Rosneft demanded 170.6 billion rubles. Sistema shares rose in anticipation of the court's decision, after the announcement they accelerated to 3.9 percent, but then began to decline by 2 percent.

Technical default

AFK Sistema announced the occurrence on July 17, 2017 of a technical default on the corporation’s credit obligations in the amount of about 3.9 billion rubles.

As stated in a statement by AFK Sistema, the onset of a technical default is associated with the ongoing seizure of the shares of MTS, Medsi and BPGC belonging to the corporation and JSC Sistema-Invest, imposed by the Arbitration Court of the Republic of Bashkortostan as part of the consideration of the claim of NK Rosneft, ANK Bashneft and the Republic of Bashkortostan to AFK Sistema and JSC Sistema-Invest for the recovery of 170.6 billion rubles. losses allegedly incurred by JSOC Bashneft in connection with its reorganization.

At the same time, AFK Sistema emphasized that failure to comply with certain conditions for a number of loan obligations, which creates grounds for a technical default, is due solely to the court decision to seize the above assets and is “purely formal in nature.” The Corporation services and plans to further service its credit and financial obligations in a timely manner and in full.

The corporation considers interim measures in the form of seizure of its assets to be unjustified and continues to take the necessary actions to lift this arrest. For this purpose, AFK Sistema filed a complaint with the Eighteenth Arbitration Court of Appeal.

Rosneft arrests assets of AFK Sistema

AFK Sistema announced that it had received from the Federal Bailiff Service for Moscow a resolution to initiate legal proceedings and a copy of the writ of execution arbitration court Bashkortostan. In accordance with these documents, the court, as interim measures, seized a number of assets of Sistema and its subsidiary, Sistema-Invest.

31.76% of the shares of the mobile operator Mobile Telesystems (MTS), 100% of the shares of the medical company Medsi and 90.5% of the shares of the Bashkir Energy Sales Company were arrested. The report from AFK Sistema states that the bailiffs not only seized these shares, but also prohibited the corporation from receiving dividends from them, although the court ruling itself did not mention this.

Rosneft demands to recover 106.6 billion rubles from AFK Sistema

To understand the essence of the claims, you need to look at the history of the issue. In 2005, AFK Sistema became the owner of blocking stakes in six enterprises of the Bashkir fuel and energy complex, paying $600 million for them. In 2009, paying another $2.5 billion, AFK Sistema acquired controlling stakes in these enterprises and consolidated them on the basis of Bashneft in order to get rid of the complex ring ownership structure. According to Rosneft, at this moment there was a withdrawal of assets, as a result of which the plaintiffs lost indirect ownership in the Bashkir Energy Sales Company and Ufaorgsintez, and also lost the right to the debt of AFK Sistema to the Bashneft company itself. Rosneft calculated that 106.6 billion rubles will compensate for the losses incurred.

The question that immediately arises is why AFK Sistema turned out to be the last one. As we remember, in December 2014, the stake in Bashneft owned by AFK Sistema was transferred to the state by court decision, and in October 2016, Rosneft bought this stake from the Federal Property Management Agency. It is quite strange to make a claim not to the seller, but to the previous owner. Generally speaking, such a situation would be possible if, as part of a criminal investigation, it turned out that the previous owner caused material harm - for example, in the form of withdrawal of assets. However, representatives of the Federal Property Management Agency did not find anything that would indicate the withdrawal of funds from the company. In fact, Rosneft accuses AFK Sistema of violations, without having evidence of harm, as well as a causal connection between the actions of the previous owner and the alleged damage.

A separate question is about the purchase price and the amount of possible compensation. In August 2016, First Deputy Prime Minister of the Russian Government Igor Shuvalov announced an assessment of the state’s share in the Bashneft company - according to him, the total volume of ordinary shares owned by the Russian Federation is worth from 297 billion to 315 billion rubles. Thus, the starting price was 306 billion rubles. Two months later, Rosneft paid 329.7 billion rubles for a 50.08% stake in Bashneft. Thus, compensation for the alleged withdrawal of assets will allow Rosneft to reduce the cost of purchasing a valuable asset by a third. On the other hand, a loss in court will cost AFK Sistema four years of work in austerity mode and an increase in debt burden - according to the roughest estimates of experts, based on the company’s operating results for 2016.

It is difficult to say how likely such a development of events is. On the one hand, there have been no such precedents until now. Moreover, Rosneft’s behavior radically changes all the open and unspoken rules of the game on the economic field. At the same time, the company uses aggressive tactical moves to achieve a strategic goal - gaining a dominant position in the Russian oil market. And the main instrument of this struggle is the use of close relationships with the top officials of the state. None of Rosneft’s competitors have such an effective administrative resource at their disposal.

Creation of Cosmos Group for hotel business management

2011

Restructuring and Mikhail Shamolin appointed president of AFK Sistema

In March 2011, it became known that AFK Sistema was completing the transformations begun during the crisis. The corporation changed its structure and turned into an investment fund. Sistema's industry divisions will be disbanded, and instead two business units will be created, the assets of which will be divided according to maturity:

• “Basic assets”, which included MTS and the Bashkir fuel and energy complex, and
• “Developing assets”, which will include high-tech, industrial and consumer assets.

Instead of Leonid Melamed, MTS General Director Mikhail Shamolin was appointed president of Sistema. Melamed will remain a member of the board of directors of Sistema and chairman of the board of directors of Russneft. Felix Yevtushenkov will manage the Basic Assets business unit, and the head of the developing assets block has not yet been found, the owner of AFK Sistema, Vladimir Yevtushenkov, said in an interview with Vedomosti.

Sistema's core assets include those companies that pay industry average dividends and have a reasonable debt load - less than four EBITDA indicators, says Potekhina; the second category includes companies that do not yet pay dividends, have a high debt load and do not have a sustainable market share in their industries.

In 2011, the reorganization of Sistema-Invest OJSC was carried out through a merger with Bashkir United Energy Systems CJSC, UNH-EnergoInvest CJSC, UNPZ-EnergoInvest CJSC and Novoil-EnergoInvest CJSC, which previously belonged to the enterprises of the Bashkir Group FEC.

Changes in the structure reflect the transformation of AFK from an operating holding company into an investment fund, Potekhina said. Sistema’s management will not be involved in the operating activities of controlled companies, but will focus on finding new assets and financial transactions, Yevtushenkov told Vedomosti: Sistema will pay more attention to the return on assets than to their financial indicators.

The upcoming changes in Sistema's management ideology were announced back in the summer of 2010, and in October 2010, the corporation's board of directors approved this transition. The whole "system" last year consistently moved away from the operational management of its subsidiaries, notes Troika Dialog analyst Evgeny Golosnoy. Now the transformation is being completed, agrees Potekhina.

Golosnoy believes that moving away from full control over the operating activities of assets is correct, but doubts that Sistema will be able to become a pure investment fund: it owns controlling stakes, which means it should be involved in shaping the development strategy of companies, and not just looking for attractive projects for investment and determine entry and exit points.

The development of the strategy will take place at the level of the boards of directors of subsidiaries, which will include Sistema managers, says Potekhina; “offices” will be created under the boards, to which some of the employees of the Sistema divisions to be disbanded will move. The staff of the AFK itself will be significantly reduced, Potekhina said.

Yevtushenkov explained the replacement of Melamed by the fact that he “for the fifth time” asked to be released into the operational business. By nature, he likes to get to the bottom of things, to all the details, and he needs an operating company.

Shamolin was not the only candidate for Melamed’s place, Yevtushenkov continues, the fact that he and Melamed are similar in character, strategic vision and work style played in his favor. In addition, Shamolin has foreign work experience (he worked in consulting company McKinsey) resembles Yevtushenkov.

MTS will be replaced by MTS-Ukraine CEO Andrey Dubovskov instead of Shamolin. “We in Ukraine tried to catch up with Kyivstar for many years, replaced three managers, but, unfortunately, we kept losing the market. Dubovskov was the only one who managed to reverse this trend, he even had plans in 2011 to reduce the gap [with Kyivstar] to zero,” says Yevtushenkov. According to him, Shamolin himself recommended Dubovskova to Yevtushenkov as a replacement for himself.

• Together with OJSC Bank of Moscow, the company OJSC RTI was created; the sale of a 63% share of AFK Sistema in OJSC SITRONICS to OJSC RTI was approved.

• VAO Intourist and Thomas Cook Group Plc. completed a transaction to create a joint venture based on the tourism and retail business of VAO Intourist.

• In August and October 2011, during two share repurchase programs, shares and GDRs of Sistema JSFC, as well as ADRs of MTS, were acquired for a total amount of approximately US$ 90 million.

• The transaction on the entry of the Government of the Russian Federation into the authorized capital of SSTL was completed; the Government acquired a 17.14% stake in SSTL for approximately US$ 600 million.

• The transaction for the sale of a 100% stake in Sistema Inventure CJSC (24.4% of the authorized capital of MGTS OJSC) to MTS OJSC for RUB 10.56 billion was completed.

• A new dividend policy of the group was approved, according to which the amount of minimum dividend payments is 10% of net profit according to US GAAP, special dividends are also provided in the amount of 10% of net profit from transactions with incoming cash flow.

• AFK Sistema acquired a 100% stake in OJSC Donskoye from the state for 476.5 million rubles. OJSC Donskoye is located in the Rostov region and has a land fund with an area of ​​25.4 thousand hectares.

• AFK Sistema acquired 100% of the shares of OJSC Stud Farm named after. First Cavalry Army,” owned by the state, for 303 million rubles. JSC Stud Farm named after. First Cavalry Army" is located in the Rostov region Russian Federation; total area The agricultural land available to the farm is 21.5 thousand hectares, including 17.5 thousand hectares of arable land.

• A new organizational and management structure was approved, in accordance with the new investment model of the group.

In 2011, the company had two business units, the assets of which were divided by maturity:

"Underlying assets":

"Developing assets":

• CJSC GC "Medsi"
• JSC "Navigation Information Systems" (NIS)
• "Mass Media System", which owns the following media assets:
  • "Literary newspaper"
  • newspaper "Russia",
  • advertising agency Maxima,
  • newspaper "Metro"
  • IA "Rosbalt",
  • LLC "System Multimedia"
  • LLC "CTV"

Purchase of NVision Group

In January 2011, it became known that AFK Sistema, or more precisely, the holding company owned by it “

• The sale of 27.6% of Sistema-Hals OJSC for $70 million was completed.

• The transaction for the acquisition by Sberbank of Russia of a 25%+1 stake in OJSC Detsky Mir - Center as a result of an additional issue of shares by private subscription for 3.4 billion rubles was completed. (approximately $113 million).

• An agreement was signed on the creation of a joint venture between VAO Intourist, subsidiary OJSC AFK Sistema, and Thomas Cook Group Plc., as well as the sale of a controlling stake in the tour operator and retail business of Intourist for $45 million.

• An agreement was signed with the Government of the Russian Federation on its participation in the capital of Sistema Shyam TeleServices Ltd. for an amount in Indian rupees equivalent to $600 million and calculated at the exchange rate. The deal was completed in March 2011.

• The reorganization of telecommunications assets was completed (an agreement between OJSC Comstar-UTS, OJSC AFK Sistema and OJSC Svyazinvest), including the exchange of shares in Sky Link and MGTS.

• Acquired 49% of shares of OJSC NK RussNeft.

• OJSC AFK Sistema acquired a share of 51% of the authorized capital of M2M Telematics LLC. In accordance with the agreements reached, AFK Sistema will purchase the remaining 49% of the authorized capital of M2M Telematics LLC in the period from 2012 to 2015.

Share bonuses to managers and members of the board of directors for 2009

On July 16, 2010, it became known that AFK Sistema paid remuneration to managers for 2009. The remuneration was paid in AFK shares on the balance sheet of Sistema itself, a representative of the corporation said. According to Sistema's report, at the end of the first quarter it owned just over 2.3% of its own shares. Each of the 10 members of the board of directors, including the founder and main shareholder of Sistema Vladimir Yevtushenkov and President Leonid Melamed, received 0.0009% of the corporation's shares - according to the results of the latest trading of Sistema's GDR on the LSE, such a package is worth $110,000. Melamed becomes a shareholder of Sistema for the first time, the company said in a statement.

A loan from the EBRD for €120 million and the purchase of its stake in Sitronics for $87 million

In July 2009, Sistema announced that it had attracted a three-year loan worth €120 million from the European Bank for Reconstruction and Development (EBRD). It was announced that the loan provided by the EBRD to Sistema would be used to finance high-tech projects of Sitronics. Also, AFK Sistema bought from the EBRD its stake in Sitronics - thus, the bank exercised the put option received in September 2006 during the transaction to acquire 3.074% of shares in Sitronics from AFK Sistema. The transaction amount, according to two sources close to it, is about $87 million. The obligations will be refinanced through a loan.

3.2%, on the London Stock Exchange and raised $1.3 billion during it

Listing on exchanges

Depository receipts of AFK Sistema were listed under the symbol “SSA” on the London Stock Exchange. Shares of AFK Sistema were listed under the symbol "AFKS" on stock exchange RTS, under the symbol “AFKC” on the MICEX Stock Exchange and under the symbol “SIST” on the Moscow Stock Exchange.

JSFC Sistema Type Open joint stock company Listing on the LSE... Wikipedia

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OJSC AFK Sistema Year founded 1993 Key figures Leonid Melamed (president) Vladimir Evtushenkov (chairman of the board of directors) Type ... Wikipedia

Business structure of JSFC Sistema- OJSC Joint Stock Financial Corporation Sistema (JSC AFK Sistema) traces its history back to 1993, when the corporation acquired its first assets in the field of telecommunications, electronics, tourism, trade, oil refining, construction and... ... Encyclopedia of Newsmakers

OJSC AFK "Sistema"- Open joint-stock company Joint Stock Financial Corporation Sistema (JSFC Sistema OJSC) is the largest Russian public financial corporation. Included in the top 10 Russian companies by revenue. The company was founded in 1993. Headquarters... ... Encyclopedia of Newsmakers

OJSC Sistema Hals Type Open joint stock company Listing on the LSE ... Wikipedia

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- “Mass Media System” Location... Wikipedia

AFK Sistema dates back to 1993, when the corporation acquired its first assets in the field of telecommunications, electronics, tourism, trade, oil refining, construction and real estate. In 1993-1994, Sistema acquired a controlling stake in OJSC VimpelCom, the first Russian company for the provision of mobile telephone services. In 1995-1996, AFK Sistema entered into the capital of MGTS and acquired a stake in the Mobile TeleSystems company. In 1997, the Sistema Telecom holding company was created to manage stakes in telecommunications companies. In 1998, an insurance holding company was created on the basis of ROSNO. In 2003, AFK Sistema bought a 10% stake in MTS from Deutsche Telecom, as a result of which it became the majority shareholder of the largest mobile operator in Eastern Europe. In the same year, the company gained control of Comstar (50%) and Cosmos TV (50%), paying about $35 million for this, and announced the creation of the Skylink mobile operator.

In 2004, AFK Sistema and Alcatel signed a contract to deploy Russia's first broadband entertainment network. In the same year, the company’s ordinary shares were included in the “B” quotation list of the RTS exchange. In 2005, AFK Sistema acquired minority stakes in BashTEK companies, including Bashneft and Bashkirenergo. In 2007, shares of AFK Sistema were included in the quotation list “B” of the MICEX. In the same year, the company sold 47.4% of ROSNO to Allianz with the right to purchase the remaining 3% over several years (it was exercised in 2009).

In 2008, AFK Sistema completed the merger of medical assets into the Medsi Group of Companies CJSC holding, and in 2009 acquired controlling stakes in BashTEK companies. In 2010, AFK Sistema entered into an agreement to purchase 49% of the shares of OJSC NK RussNeft, the transaction amount of which did not exceed $100 million. In 2010, Sberbank bought from AFK Sistema 25% + 1 share in OJSC Detsky Mir - Center". In 2011, a new organizational structure and a management structure that involved a transition to an investment company model. At the same time, AFK Sistema acquired its first agricultural assets: a 100% stake in OJSC Donskoye for 476.5 million rubles. and 100% shares of OJSC Stud Farm named after. First Cavalry Army" for 303 million rubles.

In 2012, AFK Sistema bought 50% of Financial Alliance (an operator of railway rolling stock) from Bashneft for 3.41 billion rubles. In the same year, the company withdrew from all power generating assets, but won the privatization tender to purchase 100% of SG-trans. Also, AFK Sistema and members of the Louis-Dreyfus family created a joint venture in the field of agriculture in Russia. In 2013, AFK Sistema sold its stake in RussNeft for $1.2 billion. In the same year, the company sold 70% and 15% of the shares of SG-trans OJSC to Financial Alliance and Unirail Holdings Limited, and also acquired 98% of OJSC United Petrochemical Company from Bashneft for 6.2 billion rubles. At the same time, the board of directors of AFK approved the restructuring program of Sistema-Invest CJSC to eliminate cross-ownership in Bashneft. In 2014, AFK Sistema transferred all shares of JSOC Bashneft to the state following a trial regarding the illegal privatization of the asset. At the same time, Sistema acquired 10.8% of OZON for $75 million, its subsidiary, MTS OJSC, also bought 10.8%. Under the terms of the deal, representatives of both companies joined the OZON board of directors.

In 2015, a subsidiary of AFK Sistema, CJSC DM Finance, sold a 23.1% stake in PJSC Detsky Mir to the Russian-Chinese investment fund for 9.75 billion rubles. In 2017, AFK Sistema conducted a successful IPO of shares of Detsky Mir Group on the Moscow Exchange, during which the placement price was 85 rubles. per share. In 2016, AFK Sistema and Rusnano launched a joint direct investment fund focused on investing in high-tech companies and projects. The total size of the fund is up to $100 million. In 2016, AFK Sistema carried out a number of transactions for the sale of MTS shares, as a result of which the group’s share in the authorized capital of MTS decreased to 50.03%.