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Elena is an associate in our Energy, Infrastructure, and Project and Asset Finance practice. She has experience working for leading banks and corporates in a variety of sectors on a wide range of financings in Russia, including real estate, asset-based finance, acquisition finance and project finance.
Summa, a Russian investment and trading group, on the multi-stage US$1.2 billion acquisition of a stake in OAO "Far Eastern Shipping Company" (FESCO) and the related acquisition financing obtained from a syndicate of international banks. The financing structure involved a US$800 million senior loan from a syndicate of foreign and Russian banks, as well as a US$150 million financing structured in the form of a REPO. This transaction marks one of Russia’s largest leveraged buyouts in 2012.
Advising the arrangers and original lenders (three major Russian banks: Sberbank, Gazprombank and VTB Bank) in connection with a project financing for the development of oil gas fields in the Russian north by LLC SeverEnergia (a joint venture between Russian companies OJSC Gazprom Neft, OJSC Novatek and Italian companies ENI and Enel). The total amount of the financing was more than US$3 billion and consisted of a single term loan facility to be advanced over the course of four years. The deal was one of the largest Russian project financing transactions to date, as well as one of the first syndicated lending transactions to be structured fully under Russian law.
Rusvinyl on the financing of an estimated €1.2 billion project to construct and operate a 330,000 ton per year provinyl chloride (PVC) plant in the Kstovo Nizhny Novogorod region in Russia. Rusvinyl is a joint venture between Solvay a leading Belgian chemical and pharmaceutical company and Sibur a large Russian conglomerate.
Montlink Ltd., a joint venture between the commodities trader Gunvor Group and the Volga Resources fund, on financial aspects of its acquisition of a 60 percent majority stake in Kolmar, one of the Russia’s leading coal producers, from Lonestate Assets Ltd.
Industrial and Commercial Bank of China (ICBC) on an almost US$400 million financing of a 450 MW gas-fired combined cycle power plant in Yaroslavl, Russia that is being developed by China Huadian Hong Kong and Territorial Generation Company No. 2 (TGC-2).