Shareholders of SFI Holding approved the decision on redemption of 61.4 mln quasi-treasury shares of the company, which make up 55% of the authorized capital. Redemption of the securities will take place upon merger of the subsidiary LLC SFI Trading, which owns quasi-treasury shares.

SFI's RAS net profit for 2023 was ₽6.79 billion, against a loss of ₽7.81 billion in the previous year. Revenue rose 30.2% to ₽7.45 billion versus ₽5.72 billion a year earlier.

SFI's IFRS net profit for 2023 amounted to ₽19.37 billion, up 3.2 times from ₽6.06 billion in the previous year. Revenue rose 2.2 times to ₽34.92 billion against ₽15.64 billion a year earlier.

SFI may use the proceeds from Europlan's IPO for potential M&A deals and debt repayment, said Oleg Andriyankin, deputy CEO of the holding. However, the purpose of Europlan's IPO is not money, but the realization of the strategy of bringing the holding's anchor assets to the public market, he noted. Company expects that the public status of the assets will ma...