SFI simplifies the asset ownership structure by transferring it to the Russian jurisdiction

Index Press News
SFI simplifies the asset ownership structure by transferring it to the Russian jurisdiction
1.08.2022

According to SFI PJSC (investment holding SFI, MOEX: SFIN), starting July 20, 2022, it directly owns shares of M.Video-Eldorado and RussNeft PJSC.

The holding previously directly owned 1.57% of PJSC RussNeft shares and 9.61% through its subsidiary company Weridge Investments Limited, registered in Cyprus. SFI now directly holds 11.18% of the oil and gas company. SFI used to indirectly own 10.37% of M.Video-Eldorado shares, also through Weridge Investments Limited. After the deal, the investment holding owns this block of shares directly.

Also, on July 21, 2022, 55.96% of the holding shares were transferred to SFI Trading LLC, the Russian company of the SFI structure. Previously they were owned by Weridge Investments Limited and Barigton Holdings Limited.

All of these transactions have no significant economic effect.