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.