Russian investment company Region acquired a 9.9% stake in nonstate pension fund NPF Soglasie OPS, which is part of PAO Credit Bank of Moscow group, Kommersant reported Dec. 19.
The estimated value of the 9.9% stake amounts to around 7.5 billion Russian rubles, the newspaper noted, adding that Rossium, which is the main beneficiary shareholder of Soglasie and Credit Bank of Moscow, owns a 90.1% stake in the fund following the deal.
The transaction provided financial support to Rossium, which at the end of October spent 6.75 billion rubles on participating in Credit Bank of Moscow's 14.4 billion ruble secondary public offering, Kommersant said, citing an unnamed head of a Russian consulting company.
Both Region and Credit Bank of Moscow are close to Russian state-owned oil company Rosneft, and the investment company could further increase its holding in the pension fund in the future, the newspaper said, quoting several analysts.
As of Dec. 18, US$1 was equivalent to 58.63 Russian rubles.
