• The company Yevtushenkov buy the Finnish manufacturer houses

  • AFK "System" Vladimir Yevtushenkov plans to submit an offer to purchase house-building Finnish company Honkarakenne its shareholders, reports RIA Novosti.

    In the investment company told the Agency that Honka is one of the largest manufacturers of wooden houses in the world, owning well-known premium brand. The company has formed distribution channels. In addition, it owns a unique technology. "The acquisition is consistent with our strategy of creating a world market leader of wooden housing construction", — reported in the AFC.

    The President of "Sistema" Mikhail Shamolin said that the company's offer to purchase shares Honkarakenne 1.5 euros apiece should be "very attractive for shareholders" because the redemption price above the market. The whole company is valued about 8 million euros.

    The value of the shares of the Finnish company rose 14 percent on the news that the "System" in the course of the trading session on 3 November reached 1.49 euros per share.

    Sistema is a diversified financial group, established in 1993. Has assets in various sectors of the economy: telecommunications, energy, manufacturing, pharmaceuticals, medical services, tourism, agriculture and others. The company's shares are traded on the London stock exchange (LSE) in the form of global Depositary receipts (GDRs). Owns the timber industry holding company Segezha Group. Until December 2014, "the System" owned more than 70 percent of shares of "Bashneft", the shares were returned to state ownership due to violations during the privatization neftei of the company in 2005-2009.


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