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BCLP, Kosta Legal, and Legate Advise on Sberbank’s Sale of Akhangarancement Shares

BCLP, Kosta Legal, and Legate Advise on Sberbank’s Sale of Akhangarancement Shares

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Bryan Cave Leighton Paisner, working with Uzbekistan-based co-counsel Kosta Legal, has advised Sberbank on its sale of 84.2% of the shares in JSC Akhangarancement. Legate and, reportedly, EPAM advised the unidentified buyer.

The shares were pledged to the bank as a part of a global arrangement for the settlement of Eurocement Group’s debt toward Sberbank.

According to BCLP, “Akhangarancement is the second biggest cement producer in Uzbekistan.”

Eurocement is a Moscow-based supplier of cement, ready-mix concrete, and aggregates in Russia. The company operates 16 cement plants across Russia, Ukraine, and Uzbekistan, in addition to several concrete mix plants, concrete goods factories, and aggregate-mining quarries.

The BCLP team included Partners Yury Babichev and Anton Panchenkov, Senior Associate Anastasia Kudryashova, and Associate Polina Tulina.

Kosta Legal’s team was led by Partner Vazgen Grigoryan.

EPAM at a Glance

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated office in Cyprus.

We handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys, providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru