Sistema Snaps 4-Day Losing Streak on $300 Million Buyback Plan

AFK Sistema climbed for the first time in five days after the Chief Executive Officer of Russian billionaire Vladimir Evtushenkov’s investment company said the board will consider a $300 million share buyback on May 26.

The shares erased a drop of as much as 1.6 percent, climbing 1.5 percent to 25.32 rubles as of 12:57 p.m. in Moscow.

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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