DLA Piper advises SAFMAR Group on the largest deal in Russia's pension market

DLA Piper has advised SAFMAR Financial Investments, an investment arm of Russian industrial and financial conglomerate SAFMAR Group, on the sale of 100% of shares in SAFMAR non-state pension fund to Leningradskoe Adagio, an investment company owned by Russia’s Region Group. The deal is considered to be the largest in Russia’s pension market.

SAFMAR non-state pension fund will be renamed and integrated into Region Group’s pension division and will operate under its standards.

DLA Piper advised SAFMAR Group on all legal aspects of the transaction, including the preparation of the share purchase agreement and the settlement agreement for the transaction.

DLA Piper’s Moscow-based team was led by Corporate partner Evgeny Glukhov, assisted by senior associate Evgenia Kudryashova and associate Konstantin Savryga.

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.