M&A
confidence high
sentiment neutral
materiality 0.80
Freedom Holding to sell Russian subsidiaries to executive for $140M total consideration
Freedom Holding Corp.
- Sells 100% of Freedom RU and FFIN Bank to Maxim Povalishin, Deputy General Director of Freedom RU.
- Total consideration ~$140M: assignment of ~RUB 6.6B ($107M) deferred obligation plus ~$33M cash.
- Transaction subject to Central Bank of Russia approval; closing expected in coming months.
- Preceding restructuring: company acquiring Freedom KZ from Freedom RU, closing before Russian sale.
- CEO cites geopolitical circumstances; sale enables focus on Kazakhstan, Europe, and US growth.