Sistema $226.6 million acquisition of 25% stake in Etalon Group

19/2/2019
Public acquisition

$ 226.6 million

Completed

19/2/2019


Overview:

  • Russian conglomerate Sistema has acquired 25% stake in Cyprus public company Etalon, one of the largest and oldest Russian real estate developers, for $226.6 million.
  • The acquisition follows Sistema's divestment of 51% stake in Leader Invest, a leading Moscow residential real estate developer, to Etalon Group.

Rajeeb Gurung - Researcher

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