Sistema Public Joint Stock Financial Corporation (MISX:AFKS) acquired 23.28% stake in Concept Group on January 26, 2017. Sistema increased its stake from 40% to 63.28% in Concept Group. Khanik and Lars Pettersson, Co-Owners of Concept Group remain partners of Sistema with stakes of 24.2% and 12.5% respectively, and Khanik will remain Chairman of the Board of Directors of Concept Group. Sistema Public Joint Stock Financial Corporation (MISX:AFKS) completed the acquisition of 23.28% stake in Concept Group on January 26, 2017.