The IPM-Consult law firm has advised one of the companies in the TVOE Group on its acquisition of shares of OJSC Baranovichi Sewing Factory belonging to the the Republic of Belarus. The number of shares acquired and the transaction price were not disclosed.
According to IPM-Consult, its assistance took the form of "legal services related to the acquisition of shares on a bidding basis and legal support for the implementation of the terms of competition and contract of sale of shares."
As a result of the acquisition of shares, the TVOE Group member has modernized the equipment of the Baranovichi Sewing Factory, improved the production process, repaid bank loans, and increased the volume of production.
