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

April 26 (Bloomberg) -- 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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