23:10 GMT +322 February 2019
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    AFK Sistema to buy controlling interest in Perm Motors

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    MOSCOW, August 31 (RIA Novosti) - AFK Sistema [RTS: AFKS], one of Russia's largest diversified corporations, said Thursday it would purchase an 81.25% stake in a leading Russian jet engine producer from a subsidiary of Vneshtorgbank Retail Financial Services.

    AFK Sistema, which manages businesses in service-based industries, including telecommunications, technology, insurance, banking, real estate, retail and media, said it would buy a controlling stake in Perm Motors Group, a producer of aviation and industrial engines and gas turbines.

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