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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

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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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