O1 Group has completed the acquisition of NPF Stalfond from Alexey Mordashov's companies, according to a joint statement of the O1 Group and the non-state pension fund.
"The acquisition of Stalfond is a major step towards a financial business within the O1 Group to undertake asset management, particularly the management of NPF assets," said Boris Mints, Chairman of the Board of Directors at O1 Group.
NPF Stalfond founded 1996 received a state registration certificate and a license for operating as a non-state pension fund in 1997. Since 2004, the fund has been providing services within the compulsory pension insurance system.
O1 Group is a private holding company focused on investments in real estate, industrial assets and financial services. The group manages investment company O1 Properties, NPF Telecom-Soyuz and other assets.