Global law firm White & Case LLP has advised UniCredit, one of Europe’s leading commercial banks, on the creation of a dedicated automotive bank in Russia in a joint-venture with auto manufacturers Renault and Nissan. The bank will offer a wide range of financial services to Renault, Nissan and Infiniti brand customers and dealers in Russia (more…)
Akin Gump Strauss Hauer & Feld LLP has advised VimpelCom Holdings B.V. on a $2 billion Eurobond financing, including a RUB 12 billion tranche and two dollar-denominated tranches totalling $1.6 billion. VimpelCom Holdings is an indirect wholly owned subsidiary of VimpelCom Ltd., one of the world’s largest integrated telecommunications services operators. The transaction closed today, February 13, 2013 (more…)
Global law firm White & Case LLP has advised Kazakhstan’s “BTA Bank” JSC (the “Bank”) on the restructuring of approximately US$11.1 billion of its financial indebtedness (more…)
Allen & Overy LLP has advised Tokai Rubber Industries, Japan, on the acquisition of automotive supplier Anvis from H.I.G. Europe, the European arm of H.I.G. Capital, which focuses on small and medium-sized businesses. The transaction is still subject to clearance by the competent cartel authorities. The parties have agreed not to disclose the purchase price (more…)
Linklaters has advised the lenders on the Western High-Speed Diameter Project (WHSD) in Saint Petersburg – Russia’s first city-based toll road and the largest PPP project in Russia to date (more…)
Hogan Lovells is expanding its global litigation and arbitration practice with the recruitment of a litigation team from Linklaters in Moscow. New partner Alexei Dudko will join the firm on 30 January 2013 and he will be bringing a team with him (more…)
Latham & Watkins advised the Arrangers, The Royal Bank of Scotland plc, Sberbank CIB and Troika Dialog Kazakhstan, in connection with the establishment by “Samruk-Energy” Joint Stock Company of its US$680,000,000 Global Medium Term Note Programme (more…)
Ukraine’s state controlled oil and gas company, JSC Naftogaz of Ukraine, has signed an English law governed US$ 3.656 billion credit agreement with state owned China Development Bank Corporation to finance various individual projects involving the substitution of natural gas with locally produced coal. The investment programme is intended to help Ukraine increase its energy capacity through the introduction of modern technology, construction of new plants and the upgrading of existing infrastructure (more…)
Herbert Smith Freehills has advised the Government of St. Petersburg on its Western High Speed Diameter (WHSD) Toll Road project with the LLC Northern Capital Highway consortium (OJSC Gazprombank and VTB Group), financed by a syndicate of banks comprising VTB Capital Plc, OJSC Gazprombank, Vnesheconombank, EBRD and Eurasian Development Bank. It reached financial close on 20 December 2012 (more…)
Hogan Lovells has advised Kazakhstan’s state-owned holding company Samruk-Energy on its debut 3.75% US$500m 5-year Reg S Eurobond issue (more…)
Morgan Lewis has advised Valartis Group AG (VLRT: SIX Swiss Exchange), the holding company of the internationally active Valartis banking and finance group, on its sale of a strategic stake of about 40 percent in Eastern Property Holdings Limited (EPH: SIX Swiss Exchange) to the Liechtenstein-based Aurora Value Fund (“Aurora”). Concurrently, EPH announced that Aurora has acquired an aggregate of more than 66.67% of its voting shares (more…)
Orrick, Herrington & Sutcliffe LLP recently advised Siberian Agrarian Holding (“SAHO”), a Siberian grain producer, in its joint venture with Saudi Arabian investment company Najd Trading to ship Russian wheat and barley to the Middle East and North Africa. Saudi Arabia consumes roughly 15 million metric tons of grain annually and is the largest importer of Russian barley (more…)
