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White & Case Advises Rostelecom on Sale of SafeData to VTB-Bank

White & Case Advises Rostelecom on Sale of SafeData to VTB-Bank

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White & Case has advised Russian long-distance telecommunication services provider Rostelecom on the USD 464.3 million sale of a 44.8% stake in SafeData to Russia-based VTB Bank. Baker McKenzie reportedly advised the buyer.

SafeData is a Moscow-based provider of data center, IT-outsourcing, web-hosting, telecom, and cloud services.

White & Case reported that SafeData may undergo an IPO within the next three years.

White & Case’s Moscow team included Partner Nikolay Feoktistov and Associates Evgeny Chernyavsky and Valery Lavrov.

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Baker McKenzie brings insight and foresight to clients across more than 70 global offices. Our team of 13,000 people, including over 6,500 lawyers, works alongside our clients to drive growth that is both sustainable – and inclusive. The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law, so a connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice, underpinned by deep practice and sector expertise, as well as first-rate local market knowledge.

In the Central and Eastern European (CEE) region, Baker McKenzie's expansion remains steadfast, with a thriving team of over legal professionals. Our footprint extends across six offices in Austria, the Czech Republic, Hungary, Poland, Türkiye, and Ukraine. As part of our global network, coupled with well-established partnerships throughout the entire CEE landscape, we proudly stand as one of the foremost international law firms in this dynamic territory. Our reputation as a premier business law firm in CEE is a testament to our extensive experience in advising on a multitude of prestigious projects and nurturing enduring client relationships.

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