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CEELM Comparative Legal Guide: Corporate Governance 2023

DLA Piper Advises Sberbank Investments on Talitsky Potash Project in Russia

DLA Piper Advises Sberbank Investments on Talitsky Potash Project in Russia

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DLA Piper has advised Sberbank on the sale of a 19.99% stake in Verkhnekamsk Potash Company, the operator of the Talitsky Potash Project, to Acron Group, with a simultaneous sale of the same stake back to Sberbank Investments, as VPC equity financing investor.

Acron Group, a vertically integrated mineral fertilizer producer in Russia, obtained a license in 2008 to develop the Talitsky area of the Verkhnekamsk potassium-magnesium salt deposit. While the construction ramps up and shaft sinking commences at the Talitsky project, Acron continues to structure the financing of the project.

The DLA Piper was led by Partner Leo Batalov, assisted by Senior Associate Georgy Vinogradov.

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 office in 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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