White & Case has advised Russian long-distance telecommunication services provider Rostelecom on the USD 464.3 million sale of a 44.8% stake in SafeData to Russia-based VTB Bank. Baker McKenzie reportedly advised the buyer.
SafeData is a Moscow-based provider of data center, IT-outsourcing, web-hosting, telecom, and cloud services.
White & Case reported that SafeData may undergo an IPO within the next three years.
White & Case’s Moscow team included Partner Nikolay Feoktistov and Associates Evgeny Chernyavsky and Valery Lavrov.