SFI Sells Europlan to Alfa-Bank for 50.79B Rubles

Investment holding SFI (PJSC 'SFI') finalized the sale of an 87.5% stake in leasing company Europlan to Alfa-Bank. The transaction is notable for its sheer size, with the total sum reaching 50.79 billion rubles. This figure establishes the deal as the largest in the history of the leasing market.

The acquisition of Europlan represents a strategic expansion for Alfa-Bank. By bringing the leasing company under its umbrella, the bank is positioning itself to capture a larger share of the market.

With the purchase of Europlan, Alfa-Leasing is set to significantly enhance its competitive standing. The integration of Europlan into the Alfa-Bank ecosystem is expected to provide the necessary scale and resources to bolster its operations.

This move allows Alfa-Leasing to leverage new assets and client bases. The consolidation of these entities aims to create a more formidable player in the leasing industry.

Investors responded positively to the news of the acquisition. The market sentiment regarding the deal was reflected in the trading performance of Europlan shares.

By the end of the trading day, the cost of Europlan stock had surged from 540 rubles to 573.8 rubles. This price movement indicates strong investor confidence in the transaction's value and future prospects.

The sale of Europlan to Alfa-Bank for 50.79 billion rubles is a landmark event for the Russian leasing market. As the largest deal of its kind, it signals a major shift in industry dynamics and sets a new benchmark for future transactions. The positive market reaction underscores the strategic value of the acquisition for Alfa-Bank and its leasing subsidiary.