Lidings has acted as legal advisor for BILLA retail chain in the expansion of its retail chain in Moscow.
Lidings Real Estate and Construction practice lawyers conducted due diligence of the deal on the anticipated acquisition by BILLA Realty of a non-residential building located on the north-west side of the capital to set up a retail grocery store.
"As part of due diligence, identifying the main risks and conducting their assessment allowed us to offer the client an optimal scheme to complete the deal in a safe and timely manner," commented Lidings Counsel Vadim Konyushkevich. "Considering BILLA’s business expansion strategy on the Russian market we would be delighted to continue cooperation and offer our expertise obtained through involvement in numerous high-profile privatization and acquisition projects on the territory of Russia," Konyushkevich added.
The BILLA supermarket chain has been present in Russia since 2004, and it is expected that over 100 supermarkets will be operating around the country by the end of 2014.