White & Case has advised VTB Bank on a secured term loan provided to Russian retail chain PJSC M.video for the acquisition of shares in the Russian retail chain Eldorado.
PJSC M.video is a member of the SAFMAR Group, which White & Case reports intends to consolidate its retail assets by the first quarter of 2019 and become a key player in the Russian consumer electronics retail market.
“Given the current environment, this important deal is a landmark financing in the Russian market,” says Moscow-based White & Case Local Partner Ekaterina Logvinova, who co-led the firm's team with Partner Natalia Nikitina. They were supported by Associates Natalia Tsimbalova, Adel Shageev, Ilyana Scherbakova, and Maria Kulmukhametova.
White & Case did not reply to our inquires.