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White & Case Advises Telia Company on USD 1 Billion Sale of MegaFon Stake to Gazprombank

White & Case Advises Telia Company on USD 1 Billion Sale of MegaFon Stake to Gazprombank

Russia
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White & Case has advised Nordic telecoms operator Telia Company on the USD 1 billion sale of its approximately 19 percent holding in MegaFon, a federal mobile telecoms operator in Russia, to Gazprombank.

The transaction represents Telia Company's sale of its remaining stake in MegaFon at a price of RUB 514 (USD 8.86) per share, raising gross proceeds of RUB 60.4 billion (approximately USD 1.03 billion).

The White & Case team advising on the transaction was led by Partner Eric Michailov and included Partners Jonathan Langley (London), Irina Dmitrieva (Moscow), and Richard Burke (Washington, DC), Local Partner Anastasia Putilova (Moscow), and Counsel Genevra Forwood (Brussels).

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