Liniya Prava has announced the launch of an antimonopoly practice and the appointment of Alexey Kostovarov as its head.
Akin Gump has advised PJSC LUKOIL on the completed issuance of USD 1 billion of Rule 144A/Regulation S notes. The offering consists of 10-year notes with a coupon of 4.75 percent per annum. The notes have been issued by LUKOIL International Finance B.V. and guaranteed by PJSC LUKOIL. The company intends to use the net proceeds for general corporate purposes, including the refinancing of certain existing indebtedness.
Goltsblat BLP has advised Severgroup on its sale of a 100% shareholding in AO Metcombank, the biggest commercial bank in the Volgograd Region and a leader on the Russian car lending market, to PAO Sovcombank. Baker Botts advised Sovcombank on the deal, which was cleared by the Russian Federal Antimonopoly Service in September. On October 7, 2016, Severgroup and Sovcombank announced that the necessary approvals had been obtained and the transaction had closed successfully.
Liniya Prava is reporting that it supported the placement of non-convertible interest-bearing certificated bonds classes A1 and B of LLC Transportation Concession Company (TCC) — a consortium established by the LSR Group and Management Company Leader — which took place on Moscow's Interbank Currency Exchange on September 27th, 2016.