Dewey & LeBoeuf has represented VTB Capital on its RUB 6.5 billion financing of News Outdoor, made in connection with VTB Capital’s acquisition of a 79% stake in News Outdoor Russia from News Corp. VTB Capital is the investment arm of Russian banking client VTB Bank, and the acquisition was made in partnership with others, including Alfa Capital Partners.
News Outdoor is Russia’s largest agency for billboards and other outdoor advertising. The sector is expected to grow significantly in the near future.
The Dewey & LeBoeuf team was led by London partner Amanda Jennings, working with Associate Michaela Schmiederova and trainee Dawn Bilbe. The team was assisted in Moscow by Associates Anatoly Alexandrov and Dmitri Tochkin.
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