“Rostelecom” out of the capital of NPF “Telecom-Soyuz”, retaining only NPF “Alliance”. The buyer will structure the majority shareholder of group of companies “Region” Sergey Sudarikova. Consolidation in the pension division of the “Region” 100% “Telecom-Soyuz” opens the way for accession to other NPF pension assets of the group. However, in addition to this, you will need to complete an internal reorganization of the Fund.”Rostelecom” sells minority stake in NPF “Telecom-Soyuz”. The decision was taken on June 10 the Board of Directors of the company. Group of companies (GK) “Region” started talks with Rostelecom on the purchase of these shares last year, said three people close to the talks. NPF “Telecom-Soyuz” is among the ten largest funds under voluntary pension programs. Its obligations of non-state pension provision at the end of the first quarter of 2020 amounted to 21.1 billion rubles, the number of participants exceeded 305,5 thousand people. In addition to “Rostelecom” (0,14%) the Fund’s shareholders are the company “Leningrad Adagio” (0.14 percent) and its affiliated financial group “the Future” (99,7%). Sergey Sudarikov is the beneficial owner of the “Leningrad Adagio” and GK “Region”.As a non-profit organization, the NPF is controlled by the Foundation Board and the transition control was achieved through the occurrence in it of people close to Mr. Mintz, indicates a former top Manager of “Telecom-Soyuz”. In 2014-2015, when the privatization of the majority stake got owned by Boris Mints, Cyprus offshore Rencetlo Investments, and “Rostelecom” remained a minority shareholder. In 2016-2017, the O1 Group completed the formation of the pension division. However, in 2018, after the reorganization of the forces of the Central Bank largest private banks that were tied up in investment activity with O1 Group, pension funds Mr. Mintz went on to IK “Leningrad Adagio”. In 2019, from GK “Region” received an offer “Rostelecom” to sell a stake in “Telecom-Soyuz” the structures of mister Sudarikova, what telecommunication company has agreed, told the interlocutors “Kommersant”.In 2016 “Rostelecom” began to develop the corporate pension program is at the stage of accumulation in NPF “Alliance”, has become the majority shareholder. Then sources “” said to influence the investment of funds of its employees, the company considered it necessary to obtain control over the Fund (see “Kommersant” on 24 June 2016). Last year “Rostelecom” has finished the share in the “Alliance” to 95% (see “Kommersant” on 24 December 2019). In “Rostelecom” have confirmed that carry on their superannuation solely in this Fund. “The consolidation of 100% stake in “Telecom-Soyuz” in GK “Region” opens the way to accession to the NPF Fund “Evolution”, specializing in corporate programs,”— said UEramlawi Director of “Expert RA” Pavel Mitrofanov. Previously, the possible accession was discussed during the consolidation of the funds on the basis of “Evolution” (see “Kommersant” on 26 July 2018). However, according to one source, “b”, attaching “Telecom-Soyuz”, which showed weak results in recent years, to any Fund of “Region” is complicated by the possible participants and depositors of NPF under such a reorganization. People close to the retirement division of the civil code, says that the new team continues to work on improving asset quality of the NPF, so in the next two years of its accession to other funds is planned. According to Mr. Mitrofanov, the group will need to show clients return and to convince them to stay in the Fund, which requires the shareholder not only time but also money.Ilya Usov
