DLA Piper has advised Safmar Financial Investments, an investment arm of Russia's Safmar Group, on the sale of 100% of shares in the Safmar non-state pension fund to Leningradskoe Adagio, an investment company owned by Russia’s Region Group.
The Safmar Group is a large Russian diversified conglomerate. Its structure includes companies in the chemicals, construction, financial services, hospitality, media, mining, oil, real estate and retail sectors.
According to DLA Piper, "the deal is considered to be the largest in Russia’s pension market." The Safmar non-state pension fund will be renamed and integrated into Region Group’s pension division and will operate under its standards.
DLA Piper’s Moscow-based team was led by Partner Evgeny Glukhov, assisted by Senior Associate Evgenia Kudryashova and Associate Konstantin Savryga.
