Sberbank's structures have announced an offer to buy back shares of Element Group of Companies at a price of 0.146 rubles per security. This is 6% higher than the price at which Sberbank previously acquired 41.9% of Element shares from AFK Sistema and other shareholders. Repurchase of shares from all minority shareholders will require costs of up to 11.275 billion rubles.
Sberbank's subsidiary Integrated Systems LLC has announced an offer to buy back shares of PJSC Element (the parent structure of the Element microelectronic group). This is stated in the company's message on the website of the Corporate Information Disclosure Center.
The offer is made in respect of 272.25 billion shares of GC Element, which is 58% of the total number of shares of the group. The purchase price is 0.146 rubles per share.
In other words, Sberbank can spend up to 39.75 billion rubles on repurchasing shares of Element Group of Companies. The deadline for making a decision on participation in the offer is 77 days from the date of its receipt.
At the end of January 2026, Sberbank announced the purchase of 41.9% of Element Group shares for 27 billion rubles. 37.6% of the shares were purchased from AFK Sistema, 4.3% from minority shareholders. At the same time, it was announced that Integrated Systems would send a mandatory offer to buy back shares of Element Group from other shareholders. This complies with the requirements of the Law "On Joint Stock Companies". At the same time, it was reported that the offer price would be at least 0.1372 rubles per share, that is, at the price of the specified transaction.
Currently, the price of one share under the offer turned out to be 6% higher than it was under the deal with AFK Sistema. At the time of the announcement of the offer, shares of Element Group of Companies were trading on the Moscow Stock Exchange at a price of 0.14 rubles per security.
The second major shareholder of Element Group is Rostec State Corporation, which owns 41.66% of shares. Earlier, the state corporation stated that they did not plan to sell their stake. Accordingly, Sberbank can spend up to 11.275 billion rubles to buy back shares of Element Group of Companies from other shareholders.
Element Group was established in 2019 by combining the assets of AFK Sistema and Rostec in the field of microelectronics. In particular, AFK Sistema transferred the Zelenograd microelectronic plant Micron to the group and a stake in its direct competitor, Angstrom. Element Group has nine production assets, 10 design centers and a housing factory in China.
When Element Group was created, AFK Sistema's structures received 50% plus one share in it, while Rostec's structures received 50% minus one share. Initially, AFK Sistema owned its stake in Element Group of Companies through RTI holding, which operates in the defense industry.
In 2022, AFK Sistema withdrew from the capital of RTI, but the subsidiary of this holding, RTI–Microelectronics, which owned a stake in Element Group, remained with AFK Sistema. In 2024, Element Group conducted an IPO (initial public offering) on the St. Petersburg Stock Exchange. The volume of the placement amounted to 15 billion rubles. Subsequently, the shares of Element Group also began to be traded on the Moscow Stock Exchange.
As previously reported, the Government is considering the creation of the United Microelectronic Corporation (OMK). It is planned to allocate 1 trillion rubles for its development by 2030, of which the federal budget will allocate 750 billion rubles, Sberbank – 250 billion rubles.
