# Megapolis acquires 64.37% stake in Elektrozavod

LLC Megapolis Invest, a joint venture between Sistema (75.86%) and Sberbank Investments (24.14%), acquired a 64.37% stake in JSC Elektrozavod and 100% in LLC Elektrokombinat for about $333 million.

- Type: Acquisition
- Announced: 2020-12-30
- Where: Moscow, Russia
- Value: $333.0M
- Status: completed
- Products: transformer equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Sistema](https://endata.com/companies/1367.md) (investor)
- [Megapolis Invest](https://endata.com/companies/52213.md) (acquirer)
- [Sberbank Investments](https://endata.com/companies/52214.md) (investor)
- [Elektrozavod](https://endata.com/companies/52215.md) (target)
- [Elektrokombinat](https://endata.com/companies/52216.md) (target)

## Sources

- [powertransformernews.com](https://www.powertransformernews.com/2020/12/30/megapolis-acquires-elektrozavod/), 2020-12-30: "The goal of the Transaction is to create Russia’s leading manufacturer of transformer equipment and implement a real estate development project on land plots located in Moscow owned by Elektrozavod Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.