MOSCOW, August 31 (RIA Novosti) - AFK Sistema [RTS: AFKS], one of Russia's largest diversified corporations, said Thursday it would purchase an 81.25% stake in a leading Russian jet engine producer from a subsidiary of Vneshtorgbank Retail Financial Services.
AFK Sistema, which manages businesses in service-based industries, including telecommunications, technology, insurance, banking, real estate, retail and media, said it would buy a controlling stake in Perm Motors Group, a producer of aviation and industrial engines and gas turbines.