A team of KKMP lawyers represented Sber Group in the acquisition of a 41.9% stake in PJSC Element, a leading domestic manufacturer of microelectronics and semiconductors. Sistema PJSC Group, which owned 37.6% of the shares, withdrew completely. Also, 4.3% of shares were acquired from minority shareholders. The transaction amounted to RUB 27 billion. The transaction was successfully completed.
KKMP accompanied all major legal aspects of the transaction, including:
-
transactional part (managing partner Maxim Kuleshov, senior associate Andrey Lipin, associates Vladimir Barkovoy, Victoria Bigarova and Evgenia Druzhina),
-
due diligence of the acquired assets (partner Anna Maksimenko, counsel Dmitry Raev, senior associates Elena Polevaya, Ekaterina Sharapova, Alexandra Dmitrieva, Elvira Khasanova and Violetta Drondina, associates Anna Titova, Damir Shakirov, Irina Boiko, Alexandra Chernykh, Nikita Muraev, Grigory Dorofeev and Kirill Grechishkin, as well as all paralegals of our firm),
-
support in obtaining the consent of FAS Russia (partner Anna Maksimenko and associate Anton Seliverstov).
KKMP (managing partner Maxim Kuleshov and counsel Tamara Kulyk ) also advised Sber Group in connection with a mandatory offer to acquire shares from other shareholders under the Federal Law on Joint Stock Companies.
For more information on the transaction, please see Sber's press release.
