Alrud has advised Russkaya Energia on its RUB 15 billion acquisition of Vorkutaugol from Severstal.
Closing is expected in the first quarter of 2022, pending regulatory approval.
Vorkutaugol is a Russian coal-mining company, accounting for 11% of the production of coking coal used in the country’s metal industry.
According to the firm, "the transaction also suggests the conclusion of a long-term coal supply contract between Severstal and Vorkutaugol."
The Alrud team was led by Partner Andrey Zharskiy and included Counsels Oleg Ezhov and Timur Akhundov, Senior Associate Ksenia Erokhina, Senior Attorney Alexander Shipilov, and Associate Boris Pribylov.
Alrud was unable to disclose further information on the deal.
