According to market players, Public Joint Stock Company "SAFMAR Financial investments" (MISX:SFIN) (SFI) plans to sell its Safmar pension fund. VTB Capital is the consultant. Consultations on the possible sale of the fund were conducted with Sberbank of Russia (MISX:SBER), VTB Bank (public joint-stock company) (LSE:VTBR) and PSB.

Representatives of VTB and Sberbank did not provide comments. Experts say that the PSB is showing interest in pension assets. KPMG acts as a consultant on the search for an acquisition object in the financial market for PSB.

Experts note that initially SFI planned to involve KPMG in the search for a buyer, but due to the fact that the company is already working with PSB, VTB Capital was chosen to avoid conflicts of interest. Representatives of KPMG did not provide comments. SFI plans to sell the fund for RUB 25 billion- RUB 30 billion (about 10% of the assets).

Of these, a part of the funds (up to RUB 20 billion) will be used to buy back assets related to Safmar Group, while the rest should be used to pay off the holding company's debt to VTB, which will decrease to RUB 18 billion by the end of 2020.