Sistema Public Joint Stock Financial Corporation (MISX:AFKS) is looking for mergers and acquisitions. Sistema is considering pharmaceutical and property mergers and acquisitions, Managing Director for Investor Relations Nikolai Minashin said on January 26, 2021 in an online conference. “It is obvious that we are considering the possibility of M&A deals in the pharmaceutical industry. This is definitely one of the interesting industries for Sistema taking into account the consolidation possibilities in the sector and the imports substitution factor," he said. The company is also interested in hi-tech assets, and it is already investing into the industry through its “platform of funds" - Sistema Venture Capital and Sistema Asia Fund. The scope of investment here is very wide, it includes technologies connected with artificial intelligence, education technologies, food technologies, spheres that work with drones, Minashin said. Moreover, this list of industries is not the entire list of possible investment for Sistema. “We are opportunistic to the maximum degree here in a good sense of the word. We haven't set restrictions connected to the specifics of industries, we only have restrictions due to our ESG principles. In particular, we will not invest in the industries connected to tobacco production and companies that work in the sphere of casinos," he said.