VTB became a direct co-owner of T1 holding company

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AK&M 09 January 2025 10:31

The Unified State Register of Legal Entities records a change in the composition of owners in one of the largest IT holdings, T1 LLC. Sirocco Technologies LLC, which owned 40.9% of T1, transferred 3.7% to VTB Bank PJSC. Such data is published in the HONEST BUSINESS information system.

It is noteworthy that two weeks earlier Sirocco Technology LLC was bought out by T1 LLC from Yulia Mankos. Despite the availability of information in the Unified State Register of Legal Entities, the final ownership structure of the largest IT player remains opaque. After the transfer to VTB, 3.7% of the company itself belongs to 37.2% through Sirocco Technologies, 41.2% through SFD Vector Technologies LLC are rooted in the Vector Technologies fund, the owners of 17.9% transferred their shares to the Axis closed-end mutual investment fund.

VTB is a long—time partner of T1. The bank actively lends to the holding. At the beginning of 2024, the credit institution had 100% of the shares of the group's thirteen companies as collateral.

The structure of T1 LLC is changing during the period when, according to the Unified State Register of Legal Entities, the legal entity is in the process of reorganization in the form of transformation. Upon completion of the reorganization, it will be liquidated.

In September 2023, the holding issued two-year exchange-traded bonds in the amount of 2 billion rubles. The group ended the first half of the year with a loss of 3 billion rubles, consolidated revenue for this period of 2024 amounted to 60 billion rubles. Trade in IT equipment accounted for the majority of sales (RUB 18.3 billion).

T1 is a multidisciplinary IT holding company, a partner of key manufacturers and developers. The holding companies have been operating in the market for more than 30 years. The holding company includes: T1 Innotech, T1 AI, T1 Integration, T1 Cloud, T1 Servionics, T1 Digital Academy, NOTE from T1.

VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all major segments of the financial market.

VTB Group's net profit under IFRS amounted to 452.2 billion rubles in the first 11 months of 2024, an increase of 8.2% compared to a year earlier. The total loan portfolio as of November 30, 2024 amounted to 24.4 trillion rubles, having increased by 1.4% in November and by 16.3% since the beginning of the year.

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