Thu, May
49 New Articles

Linklaters Advises on UC Rusal Share Sale

Linklaters Advises on UC Rusal Share Sale

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Linklaters has advised VTB Capital, Renaissance Capital, and CLSA Ltd. as placing and settlement agents on the sale by Onexim Holdings Ltd of an approximately 3% stake in UC Rusal. Herbert Smith Freehills advised Onexim Holdings on the deal.

UC Rusal is one of the largest aluminum producers in the world, with ordinary shares listed on the Hong Kong and Moscow Stock Exchanges. It is also listed on Euronext Paris in the form of Global Depositary Shares and Moscow Exchange in the form of Russian Depositary Receipts.

Linklaters Hong Kong-based Partner Alex Bidlake, who led the firm's team on the deal, commented: “In terms of deal size, this placing represented one of the largest Russian equity transactions in the last three years and involved our teams across Hong Kong, London, and Moscow. It also closely follows UC Rusal’s USD 600 million Eurobond issue on which Linklaters acted as advisor to the managers.”

In addition to Bidlake, Linklaters' team consisted of London Capital Markets Partner Jason Manketo and Associate Joseph Wolpin and Moscow Capital Markets Partner Dmitry Dobatkin.

Herbert Smith Freehills did not reply to our inquiry on the matter.

Russian Knowledge Partner

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 offices in the UK, the USA and 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


Our Latest Issue