Group “Rosgosstrakh” has agreed to merge with the group. The financial market sources told RBC that the Union should take place next year. By calculations of participants of the transaction, it will create the largest private financial group with assets of more than 4 trillion and a customer base of 50 million people.
it is Assumed that the transaction will affect the insurance company “Rosgosstrakh” and its subsidiary Bank, Rosgosstrakh Bank, which is in the top 50 Russian banks. Within the Association, the owner of Rosgosstrakh Danil Khachaturov will become a minority shareholder “OTKRITIE holding”, which will assume control over the banking and insurance business “Rosgosstrakh”. After the merger of the businesses of “Opening” will develop the banking business along with investment and brokerage, while managing the insurance business will remain under the employees “Rosgosstrakh”.
According to “Vedomosti”, last week Khachaturov in the company of co-owner of “the Opening of the holding” Vadim Belyaev and the first Deputy Chairman of VTB Yuri Soloviev met with the Chairman of the Central Bank Elvira Nabiullina. The parties submitted to the regulator a plan for the merger of assets of groups and prepared to conduct due diligence of assets “Rosgosstrakh”. Informed source says that the deal will not enter the pension business (NPF “RGS”). Also, it’s unclear whether the connected company “RGS-real estate”, which listed the debt on the bonds 28.7 billion rubles, and 270 offices, which leases the CSG.
Recall that in the last half of CTP brought to the insurer RUB 15.5 billion loss. Recently “Rosgosstrakh” declared additional issue of 46 billion rubles., and, according to some, this may be one of the stages of the coming transaction. “Rosgosstrakh” and “Opening” are long-standing partners, the structure of the first already own 8.7% of the main groups of the Bank “FC Opening”.
