Sistema reduced share in the authorized capital of "Systems-Gals from 69.4% to 19.5%

JSC Sistema reduced share of the capital development company OAO Sistema-Gals "from 69.4% to 19.5%. This is stated in a press release, "Sistema-Hals".

It also notes that while the proportion of the bank "VTB" capital "Systems-Gals have risen from zero to 19.5% and JSC" Hals-Finance - from 9.7% to 39.6%.

All these data were obtained "Sistema-Hals" on the basis of the extracts from the register, explained the report.

Earlier, on 7 April, the former principal shareholder "Systems-Gals - Sistema - and the bank" VTB "declared that" VTB "bought for 30 rubles 19.5% shares in Sistema-Gals" and received a call-option to purchase for the same price still 31.5% of the Gals-Finance. " Execution option is possible since the receipt of regulatory approval, and if implemented, the share of "VTB" capital "Systems-Gals will reach 51%.

As explained by the representative of "Systems-Gals, the company Gals Finance is the" daughter "Sistema-Hals".

Increasing its share in the authorized capital of the developer due to the fact that its balance transferred to the action, which could become "VTB" under the option.

In the framework of projects most of us took office real estate objects (50%), 17% are projects in the field of residential real estate, 16% of the portfolio of projects in the occupied country real estate (houses and townhouses), 11% - for projects in the area of retail, and 6% - for remaining projects.