Shares of AFK «System» have fallen on news of new lawsuits

The shares of Joint-stock financial Corporation (AFK) «System» obulis December 7, more than 15% on news of new lawsuits by the «Rosneft» and «Bashneft».

On the Moscow stock exchange the shares of AFK «Sistema» fell to 10.02 ruble (is 16,5%) — the lowest since December 2014, a minimum of transactions amounted to 9.9 ruble (-17,4%), reports Agency «Interfax».

Earlier it became known that «Bashneft» and «Rosneft» December 7, filed a lawsuit in the Arbitration court of Republic Bashkortostan of the AFK «System» and «Sistema-invest» for damages in the amount of 131,639 billion.

The amount of the claim corresponds to the amount of dividends that the defendants withdrew from Bashneft in the period from 2009 to 2014 in their favor, minus taxes paid, according to a press release from the company.

Meanwhile, the press Secretary of the Russian President Dmitry Peskov said that the Kremlin had no information about the new claim of «Rosneft» to AFK «System» and consider this dispute between two economic entities arbitration issue.

Shares of AFK «System» have fallen on news of new lawsuits 07.12.2017

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