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The largest privatization deal of 2013: iDeals™ Solutions Group mandated as regulatory documentation filing agent

June 04, 2013

In May 2013 iDeals™ was chosen to be an e-filing service provider in one of the biggest and unprecedented deals: VTB Bank, Russia’s second largest state-controlled bank group, has initiated and completed its secondary public offering (SPO) of 102,5 billion rubles (3,26 billion USD) worth shares.

iDeals™ has provided VTB with high quality support throughout the SPO process, successfully executing the project on filing the VTB regulatory documents with the U.S. Securities and Exchange Commission (SEC). All the documents to be considered by the SEC were converted and filed by iDeals™. We were glad to contribute to the procedure of corporate disclosure of all the important information to the investing public – crucial to an investor's decision on whether to buy, sell or hold the security.

The deal closed successfully on May 21 with three sovereign wealth funds becoming the largest investors: Norges Bank Investment Management (Norway), State Oil Fund of the Republic of Azerbaijan (SOFAZ) and Qatar Holding LLC. Each of the funds purchased VTB’s shares worth 15 - 20 billion rubles, thus jointly accounting for more than a half of the additional share issue. A lesser part of VTB’s shares was purchased by several institutional investors from the BRIC countries. As a result of the SPO, state share has reduced from 75,5% to 60,9%.

iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.

For further information, visit the iDeals™ Solutions website ( or contact the nearest office in your region:

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