A 100% block of shares of SIC Yugoria, one of the leading insurance companies of Russia, is sold The biddings were held on behalf of KhMAA–Yugra

On 30th of May the Auction House of the Russian Federation (AHRF) held an auction for the sale of 100% block of shares of JSC Yugoria State Insurance Company from the Forecast Program of Privatization for 2018-2020.
The sale was carried out on behalf of the Department of Property of Khanty-Mansi Autonomous Area–Yugra in accordance with the Contract of 25th December, 2017.

Three bidders took part in the auction.
The auction Winner – LLC Region Infrastructure – purchased the Lot for the amount of 2.893 billion rubles. During 5 days the Winner of the auction must sign a sale contract and during 30 calendar days since the date of signing – to pay the deal.

The other participants of the auction became PJSC Sovcombank and LLC Rossium Concern.
 “We are satisfied with the results of the auction. The buyer of the asset became a major investor, which will provide the business with a new level of development”, – tells Andrey Stepanenko, General Director of the AHRF.

The SIC Yugoria has been working in the market since 1997 and carries out activity for 21 kinds of insurance and reinsurance. Currently the Company works in 50 regions of Russia and has 73 regional branch offices and more than 200 agencies. The only shareholder of the Company is Khanty-Mansi Autonomous Area–Yugra.
An aggregate income for 2017 was 659.899 million rubles.