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DLA Piper Advises Sberbank Investments on Talitsky Potash Project in Russia

DLA Piper Advises Sberbank Investments on Talitsky Potash Project in Russia

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.

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We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

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 that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

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