OREANDA-NEWS. Sistema JSFC (“Sistema” or the “Company”) (LSE: SSA), the largest publicly-traded diversified holding company in Russia and the CIS, announces that its wholly owned subsidiary, Sistema Telecom Assets LLC, has signed legally binding agreements to acquire a 38.75% stake in CJSC NVision Group with CJSC RegionKapital (part of Marshall group, one of Russia's private investment groups) and several other individual shareholders.

The total value of the deal amounts to USD 82.5 million, USD 37.5 million of which will be paid in cash, and USD 45 million in Sistema shares. Upon completion of the deal, Sistema's ownership in CJSC NVision Group will amount to 88.75%.

The deal is in line with Sistema's strategy to develop information and communication technology assets.

The completion of the transaction is subject to the fulfillment of a number of legal conditions and is expected in the first quarter of 2014.