EPAM Assists with Gruma Group Restructuring in Russia

EPAM Assists with Gruma Group Restructuring in Russia

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Egorov Puginsky Afanasiev & Partners has advised Solntse Mexico and Mission Foods Stupino, the Russian divisions of the Gruma Group, on their restructuring and on obtaining special economic zone resident status with the Ministry of Economic Development of the Russian Federation and other governmental bodies in connection with its investment in a factory in Moscow Region.

The Gruma Group, a global corporation headquartered in Mexico, has been operating in Russia since 1996 and manufactures Mexican food products. In the fall of 2017, the company launched a factory in the Greater Moscow area, the corporation’s 75th plant.

Earlier this month EPAM reported that it had successfully represented Solntse Mexico in a dispute before the Moscow District Commercial Court with a Russian grid company over payment for electricity consumption outside the scope of a contract (as reported by CEE Legal Matters on August 7, 2018).

The EPAM team included Head of the St. Petersburg M&A and Corporate Practice Elena Agaeva, Counsel Olga Mischenko, Senior Associates Evgeniya Evdokimova, Olga Morozova, Daria Sergeeva, and Sergey Ustalov, Associates Elena Kvartnikova, Yuri Nefedov, Anton Kleshchenko, Olga Tyangaeva, and Maria Demina, and Junior Associate Vladislav Chukanov.