trending Market Intelligence /marketintelligence/en/news-insights/trending/VJilTHvxESnQijDHEwY3fQ2 content esgSubNav
In This List

O1 Group completes purchase of 4th pension fund

Podcast

Street Talk | Episode 94: Recessionary fears in '22 overblown, Fed could overtighten

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022

Blog

Investment Banking Newsletter April 2022


O1 Group completes purchase of 4th pension fund

O1 Group, controlled by businessman Boris Mints, acquired Russian nonstate pension fund NPF Sotsialnoe razvitie from Fletcher Group Holdings, Vedomosti reported Feb. 1.

The acquired unit will be merged into Financial Group Budushchee, becoming its fourth pension fund, next to NPF Budushchee, NPF Telecom-Soyuz and NFP Obrazovanie.

Budushchee carried out an IPO at the beginning of November 2016, in order to raise funds to further develop its pension business.

Fletcher Group Holdings is controlled by Russian businessman Vladimir Lisin, the owner of Novolipetsk Steel.