SAFMAR Financial investments sells NGPF SAFMAR to Region Group of Companies

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SAFMAR Financial investments sells NGPF SAFMAR to ...
On March 23, 2021, PJSC SAFMAR Financial Investments and LLC Leningradskoe Adagio (a structure of Region Group of Companies) signed a sale and purchase agreement for 100% of shares of the non-governmental pension fund SAFMAR. The deal will be closed after final regulatory approval. The purchase price of NGPF SAFMAR, in accordance with the terms of the agreement, can be up to 24 billion rubles and depends on a number of factors related to the indicators of the fund's financial statements. The new owner of the fund took the obligation to rename the NGPF SAFMAR within the terms agreed by the parties. After renaming, clients will not need to renegotiate current contracts; the fund will notify clients of all actions in advance and in accordance with the procedures established by law. NGPF SAFMAR will continue to fulfill all obligations to clients in full. All agreements on government pension insurance and non-state pension provision, concluded by clients with NGPF SAFMAR, continue to be active, their conditions remain unchanged. LLC Leningradskoe Adagio is a diversified investment company, the management of pension assets has been one of its main activities since 2018. The perimeter of the company's pension segment includes NGPF Buduschee, NGPF Evolutsiya, NGPF Telecom-Soyuz and NGPF Federatsiya. The total assets of the funds are 580.8 billion rubles, the total number of clients of all the funds exceeds 6.9 million people.