Bloomberg News

Yevtushenkov's Sistema Makes Offer for Shares of UralSib Bank

February 07, 2008

AFK Sistema (AFKS), Russian billionaire Vladimir Yevtushenkov's holding company, made an offer for the shares of Bank UralSib that it doesn't already own, the country's financial watchdog said.

The Federal Financial Markets Service asked Moscow-based Sistema to amend its proposal to comply with Russian regulations, the regulator said on its Web site today, without elaborating.

Sistema spokesman Kirill Semenov declined to comment.

To contact the reporter on this story: Bradley Cook in Moscow at bcook7@bloomberg.net.

To contact the editor responsible for this story: Malcolm Fried in Amsterdam at mfried@bloomberg.net


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