Press Release
Press Release

White & Case Advises Banks on Landmark Russian Privatization

Global law firm White & Case LLP has advised CJSC Sberbank CIB as agent to the Russian Federation, and Sberbank CIB and VTB Capital as joint global coordinators and joint bookrunners, on the US$812 million privatization of the Russian Federation's 10.9 percent stake in the charter capital of PJSC ALROSA, the world's leading diamond mining company in terms of diamond production.

The deal is Russia's largest privatization since the 2013 IPO of PJSC ALROSA, on which White & Case advised the agent and the underwriters. It was conducted by way of a Rule 144A/Regulation S equity offering of ordinary shares in PJSC ALROSA, which is listed on the Moscow Exchange.

The White & Case team which advised on the transaction was led by partner Darina Lozovsky (Moscow & London) and local partner Dmitry Lapshin (Moscow) and included partner Inigo Esteve (London) and associates Amulang Povaeva and Yulia Petelina (both Moscow).

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