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White & Case Advises Telia Company on USD 1 Billion Sale of MegaFon Stake to Gazprombank

White & Case Advises Telia Company on USD 1 Billion Sale of MegaFon Stake to Gazprombank

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White & Case has advised Nordic telecoms operator Telia Company on the USD 1 billion sale of its approximately 19 percent holding in MegaFon, a federal mobile telecoms operator in Russia, to Gazprombank.

The transaction represents Telia Company's sale of its remaining stake in MegaFon at a price of RUB 514 (USD 8.86) per share, raising gross proceeds of RUB 60.4 billion (approximately USD 1.03 billion).

The White & Case team advising on the transaction was led by Partner Eric Michailov and included Partners Jonathan Langley (London), Irina Dmitrieva (Moscow), and Richard Burke (Washington, DC), Local Partner Anastasia Putilova (Moscow), and Counsel Genevra Forwood (Brussels).

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys, providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


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