White & Case has advised the Moscow Exchange, Russia's largest securities exchange group, on its acquisition of a 17% stake in BierbaumPro AG and the right to acquire the rest from unidentified sellers.
BierbaumPro is a Switzerland-based company that, through its wholly-owned Russian subsidiary NTProgress, develops and owns an e-fx NTPro trading platform.
According to White & Case, “the transaction aligns with the Moscow Exchange growth strategy and will enable it to provide flexible FX trading solutions to its clients. Post-acquisition, the Moscow Exchange will continue to develop the NTPro platform and the existing NTProgress team.”
White & Case’s team in Moscow was led by Partner Nikolay Feoktistov and included Partner Andrei Dontsov, Counsel Adam Smith, and Associates Evgeny Chernyavsky, Alexander Karmalita, and Valery Lavrov.