Dentons has advised Prosveshcheniye, a Russian educational integrator, on an equity transaction with Sber, VEB.RF, and RDIF, as a result of which each shareholder will hold a 25% stake in JSC Prosveshcheniye.
According to Dentons, 100% of the company's shares “were valued for the purposes of the deal at approximately RUB 108 billion. Today Prosveshcheniye is the largest brand on the educational literature market in Russia. The company operates in all regions of Russia and in 190 countries worldwide, with annual print runs of over 130 million copies. Prosveshcheniye also provides direct support to educators and school students. The company's digital platforms count 30 million unique users per month.”
Dentons’ team included Partner Konstantin Kroll, Counsel Valeria Ponomareva, Senior Associate Oleg Khlestov, and Associate Arina Karsonova.
Dentons did not reply to our inquiry on the matter.
