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Latham & Watkins Advises Sistema on VTB Capital’s Investment in Binnopharm

Latham & Watkins Advises Sistema on VTB Capital’s Investment in Binnopharm

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Latham & Watkins has advised Russian investment company Sistema on VTB Capital’s RUB 7 billion minority investment in Binnopharm.

According to Latham & Watkins, “VTB Capital has announced that it has invested in the pharmaceutical holding company Binnopharm Group. Sistema’s wholly-owned subsidiary LLC Sistema Telecom Assets sold an 11.2% stake in Ristango Holding Limited, which owns 100% of the authorized capital of Binnopharm Group, to Nevsky Property Investments Limited [itself] controlled by VTB Capital.”

Latham & Watkins’ team was led by Moscow-based Partner Olga Ponomarenko and included Associates Timur Bayramov and Nina Malkova.

Latham & Watkins did not reply to our inquiry on the matter.

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