FUTURE Financial Group announces shareholder's IPO
This information is not for distribution outside Russia and does not constitute an offer or invitation for offers, nor is it intended for any transactions, including transactions in securities or transactions aimed at making transactions in securities. This article describes intentions and plans of FUTURE Financial Group which are subject to change at any time and does not constitute an advertising for securities, nor does it constitute a guarantee or promise to sell securities or any other assets, or a guarantee that any securities will be sold or any other agreements entered into. This document contains judgements which may differ from the opinions of third parties. Investors should independently assess the risks they take when making investment decisions.
October 14, 2016. The FUTURE Financial Group, one of the largest pension management funds in Russia, has announced the intention of its controlling shareholder, O1 Group, whose beneficial owner is Boris Mints, to make an initial public offering (IPO) of ordinary shares in the company on the Moscow Stock Exchange.
The size of the offering is expected to be 15% of the company's shares.
The offering is planned for October-November 2016 and is excepted to be carried out on the Moscow Stock Exchange in accordance with its settlement procedures.
VTB Capital will be the exclusive global coordinator and book runner. Aton will be book runner for the offering.
Marina Rudneva, CEO of FUTURE Financial Group, said: “The FUTURE Financial Group is one of the largest pension management structures in Russia, with 4.6 million customers at present. We believe that going public is a logical and necessary step to help our further growth. Our task is to broaden our circle of investors, achieve greater transparency for our business, grow our expertise and, at the end of the day, increase the efficiency with which we manage pension funds. This is a unique and unprecedented event on the Russian pensions market and we are confident that now, after two years of consolidation and tightened regulation of the pensions industry, we are fully prepared for this. We believe that the offering will bring a new stage to the history of private pension funds in Russia.
- Providing the conditions for assets growth
- Developing of competitive and stable business
- Offering high-quality products and services