Thu, Sep
60 New Articles

CMS and Dentons Advise on EBRD's Acquisition of Stake in Uzbekistan’s Food Retailer Korzinka

CMS and Dentons Advise on EBRD's Acquisition of Stake in Uzbekistan’s Food Retailer Korzinka

Deals and Cases
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Lawyers from CMS in Ukraine and Poland have joined the firm's multi-national team advising the EBRD on the acquisition of a stake in Uzbek food retailer Korzinka. Uzbek law firm Leges reportedly advised the EBRD as well, while Dentons advised the sellers.

According to CMS, “as a result of the EBRD’s investment, Korzinka intends to triple its number of stores and double its staff headcount to approximately 10,000 by 2023. EBRD’s USD 40 million investment represents the bank’s first equity investment in Uzbekistan for more than a decade and the first since Uzbekistan opened itself up to foreign investment following a raft of reforms introduced by the government.”

Korzinka branded stores are operated by FE Anglesey Food LLC, which is owned by Singapore-incorporated Anglesey Investments PTE. LTD.

CMS’ international team included Ukraine Managing Partner Graham Conlon and Warsaw-based Associate Jakub Rykowski, and Singapore Managing Partner Toby Grainger, Senior Associate Sam Ng, and Associate Eric Lai.

Dentons' team was led by Prague, Moscow, and London-based Partner Louis Skyner and London-based Partner Richard Barham.

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2019, Chambers Europe 2019, and The Legal 500 EMEA 2019.

Firm's website: https://penteris.com

Our Latest Issue