Schoenherr has advised Fintur Holdings B.V. on its USD 31.5 million sale of its 100% holding of Moldcell S.A., to CG Cell Technologies DAC. Gladei & Partners advised CG Technologies.
Fintur Holdings is a wholly-owned subsidiary of listed Swedish telephone company Telia Company AB. CG Cell Technologies is wholly-owned by the Nepalese business group CG Corp Global.
According to Schoenherr, “at the beginning of 2019 Turkish Fintur Holdings B.V. became part of Telia, a Swedish-Finnish multinational telephone company and mobile network operator present in Sweden, Finland, Denmark, Lithuania, Latvia, and Estonia. With approximately 900,000 customers, Moldcell is Moldova’s second-largest telecoms operator. The divestment of Moldcell marks Fintur's exit from the Eurasian market.”
Schoenherr’s team was led by Managing Partner Vladimir Iurkovski and included Associates Andrian Guzun and Denis Lefter.