Latvia's Signet Bank sells Rosinter Restaurants stake to Cyprus-based Stelagor Holdings

Detailed summary

MOSCOW. Nov 12 (Interfax) - Latvia's Signet Bank AS has sold its 7.02% stake (1,144,730 shares) in PJSC Rosinter Restaurants Holding to Cyprus-based Stelagor Holdings Ltd., the…

MOSCOW. Nov 12 (Interfax) - Latvia's Signet Bank AS has sold its 7.02% stake (1,144,730 shares) in PJSC Rosinter Restaurants Holding to Cyprus-based Stelagor Holdings Ltd., the Russian restaurant group reported on the disclosure wire.

Rosinter was informed about the change in ownership of this stake in September by its registrar, the National Settlement Depository (NSD).

Based on Rosinter's current share price of 70.40 rubles on the Moscow Exchange, the 7.02% stake is worth 80.58 million rubles. The company's market capitalization is about 1.14 billion rubles.

Signet Bank acquired the 7.02% stake in Rosinter in 2018 from Cyprus-based Renaissance Securities (Cyprus) Limited, which had owned 15.15% of the company until then. The deal was estimated to be worth 72 million rubles at the time, as Rosinter's share price was 62.90 rubles.

Moscow Exchange-listed Rosinter is one of the largest operators of casual dining restaurants in Russia. The company ran 98 corporate restaurants and 59 franchise restaurants as of the end of 2025. The group is developing its own brands Il Patio, Planet Sushi, Shikari, American Bar & Grill and Mama Russia, and manages a franchise chain of TGI Fridays restaurants.

Rosinter's principal beneficiary is Rostislav Ordovsky-Tanaevsky Blanco, who owned 45.8% of the company as if the middle of 2026. Belize-based Nickors Limited, which was previously thought to have ties to the Finvest group of Ambartsum Safaryan and his partner Dmitry Guschin, owns a 28.02% stake.

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