AFK Sistema offered Rosneft to settle out of court

AFK Sistema offered Rosneft to settle out of court
AFK Sistema sent an offer to Rosneft

As representatives of the company declared, they developed an effective mechanism of extrajudicial settlement of the situation.

AFK Sistema developed the mechanism of the pre-judicial settlement of a dispute and directed the relevant proposal of Rosneft. It was reported to Interfax by the president of the corporation Mikhail Shamolin. He emphasized that the mechanism is effective, but did not disclose details. Against the background of distribution of this information to media, the stocks of Sistema at the trading of the Moscow exchange have grown by more than 5%.

As the CrimeRussia wrote earlier, AFK Sistema on Wednesday, June 21, asked the Central Bank to conduct the investigation after the incident with the growth of stock quotations of the company, and then a sharp collapse. As the official representative of Sistema Sergey Kopytov declared, the event in the company is regarded as an attempt of a manipulation of the stock market.

To recall, after the information was revealed to media of information that the petition for withdrawal of the claim of Rosneft and Bashneft to AFK Sistema on 170.6 billion rubles ($2.8bn) came to Arbitration Court of Bashkiria, quotation of the last have literally flown up. However, after the representatives of Rosneft declared that the document which came to court - a fake, the cost of AFK Sistema in the market fell sharply (-7%).

Arbitration Court of Bashkiria with the requirement to exact from AFK Sistema 106.6 billion rubles (then this sum was increased to 170.6 billion rubles) as indemnification which is allegedly suffered by Bashneft because of her reorganization in 2014.

Earlier, on June 2, the chief executive officer of Rosneft Igor Sechin did not exclude a possibility of the conclusion of a settlement agreement in this claim to Sistema.

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