DLA Piper’s Moscow office has advised Sberbank Investments on its provision of a RUB 2 billion secured mezzanine loan to a Russian construction company Avtoban to finance the construction of Startup Facilities No 3 and No 4 of the Central Ring Road in the Moscow Region.
According to DLA Piper, the CRR is an infrastructure project which consists of five startup facilities, with each of them able to be put into operation as an independent investment project. According to the firm, “the construction of Startup Facilities No 3 and No 4 is implemented under a concession agreement concluded by the state-owned Avtodor.” The construction is carried out by special purpose entities that are part of the Avtoban Group.
DLA Piper’s team consisted of Partner Leo Batalov, Legal Director Ivan Sezin, Senior Associate Georgy Vinogradov, and Associates Anna Litovchenko, Daria Vasilieva, and Roman Abu Salekh.
