Safmar puts up 15% in Safmar Financial Investments for sale

MOSCOW, Aug 1 (PRIME) -- Russian financial group Safmar of Mikhail Gutseriyev has put up 15% in Safmar Financial Investments for sale through accelerated bookbuilding, the company said in a statement on Wednesday.

JSC Daglis acts as a selling shareholder, and the company plans to sell about 16.7 million common shares in Safmar Financial Investments. “The shares will be offered through accelerated bookbuilding to international institutional investors…Safmar Financial Investments will not receive any money after the sale,” the statement read.

VTB Capital acts as the organizer of the sale, and the price of the stake will be defined after bookbuilding.

Safmar owns about 54.8% in Safmar Financial Investments. Safmar Financial Investments controls 100% in car leasing company Europlan, 49% in insurer VSK, 100% in private pension fund Safmar, and 99.9% in private pension fund Doveriye, among other assets.

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