Egorov Puginsky Afanasiev & Partners has advised PPG Industries on Russian legal aspects of its tender offer for the shares of Finnish paint manufacturer Tikkurila.
PPG Industries is a US-based supplier of paints, coatings, and specialty materials. The company operates in more than 70 countries around the world.
According to EPAM, PPG Industries announced on December 18, 2020, that it had entered into an agreement to purchase Tikkurila. According to the firm, the transaction was approved by the EU, Finland, and Kazakhstan antimonopoly authorities, as well as Russia’s FAS.
EPAM’s team was led by Partner Natalia Korosteleva.