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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%.
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.