# Megapolis Invest to acquire additional 29.64% stake in Elektrozavod

LLC Megapolis Invest, a joint venture of Sistema and Sberbank Investments, has agreed to acquire an additional 29.64% stake in transformer manufacturer JSC Elektrozavod for over $78 million, increasing its holding to 94.01%.

- Type: Acquisition
- Announced: 2021-02-23
- Where: Russia
- Value: $78.0M
- Status: announced
- Products: transformers
- 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)

## Sources

- [powertransformernews.com](https://www.powertransformernews.com/2021/02/23/megapolis-invest-to-increase-share-in-elektrozavod/), 2021-02-23: "LLC Megapolis Invest, a joint venture between Sistema and LLC Sberbank Investments, has signed an agreement to acquire an additional 29.64% stake in JSC Elektrozavod from a private investor for just over $78 million."

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