CMS Russia has advised S8 Capital on the acquisition of a 100% shares in Price.ru, an on-line shopping service, from Rambler Group, a Russian media holding company.
CMS describes the acquisition of Price.ru as a strategic move by S8 Capital to create and develop a unified, multi-functional, digital platform that will combine a number of tools and services.
Price.ru, which was launched in Russia in 1997, contains information on 23 million products and prices from four thousand stores.
According to CMS, "S8 Capital is a diversified Russian holding with the focus on creation and development of high-tech solutions and services. For the past years, companies of the group have gained unique industry-specific competences that allowed to transform into a multi-profile holding. The group has implemented over 100 projects in the retail, financial, and telecommunications sectors, as well as via e-commerce and digital media. The founder and shareholder of S8 Capital holding is the Russian businessman Armen Sarkisyan."
CMS’s Partners Vladimir Zenin and Hayk Safaryan led the team, which also included Associates Mikhail Panferov, Elizaveta Rakova, and Vladislav Eltovskiy and Junior Associate Nikolai Molostov.
