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Russian court turns down Sistema's appeal to lift 'arrest' of shares in MTS, Medsi -Ifx
September 5, 2017 / 11:16 AM / 19 days ago

Russian court turns down Sistema's appeal to lift 'arrest' of shares in MTS, Medsi -Ifx

MOSCOW, Sept 5 (Reuters) - A Russian court has turned down business conglomerate Sistema’s appeal against the “arrest” of its shares in mobile operator MTS and Medsi chain of medical clinics, the Interfax news agency reported on Tuesday.

The shares were frozen as part of Sistema’s a legal row with oil major Rosneft.

Sistema said a court had “arrested” 31.76 percent of the shares it held in MTS, Russia’s biggest mobile operator, as well as a 100 percent stake in its Medsi business and 90.47 percent of power grid company BPGC.

A regional court ruled last month that Sistema should pay 136.3 billion roubles ($2.3 billion) to settle the claim that Rosneft-controlled oil producer Bashneft had been stripped of assets when Sistema was the owner. (Reporting by Polina Devitt; writing by Vladimir Soldatkin; editing by Dmitry Solovyov)

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