Sberbank to acquire NSPF Renaissance Pensions.

Sberbank, a state-owned Russian banking and financial services company, agreed to acquire NSPF Renaissance Pensions, a non-state pension fund operating. Financial terms were not disclosed. "NPF of Sberbank is a strong and proven participant on the Russian pension market. Renaissance pensions clients can be assured of a stable and long-term collaboration with a pension program provider with 26 years of history. We are pleased to be adding new clients to our portfolio, including large international companies, whose employees understand the value of corporate pension programs," Natalya Alymova, Sberbank Senior Vice President and Head of Wealth Management.