FUTURE Financial Group announces shareholder's IPO
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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.
FUTURE Non-state Pension Fund, a non-government pension fund mainly providing compulsory pension insurance services and a part of FUTURE Financial Group, has announced financial results for nine months of 2017 (the period ending 30 September 2017), prepared in accordance with industry accounting standards.
Public Joint-Stock Company Future Financial Group (MOEX: FTRE) (hereinafter - the Company or the Group), the public company unifying several of the largest non-state pension funds in Russia, announces the unaudited financial results of the Group for H1 2017, which ended on June 30, 2017
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