MTS transferred 7.4% of its shares to the CEIF

MTS transferred a quasi-treasury stake of 7.4% in the ZPIF. Transaction will allow MTS to optimize some of the expenses associated with share ownership, as well as improve the efficiency of capital and liquidity management, explained MTS Vice President for Finance Alexey Katunin. Company does not rule out further transfer of quasi-treasury shares to an investment fund as part of a unified capital management strategy.