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CMS and O2 Advises on Dufry Acquisition of RegStaer-M

CMS and O2 Advises on Dufry Acquisition of RegStaer-M

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CMS Russia has advised global travel retailer Dufry on its agreement, made through its Russian joint venture, to acquire a 60% stake in RegStaer-M LLC, a Russian duty-free and duty-paid operator, from RegStaer Group. O2 Consulting advised the sellers on the deal.

Dufry is a global travel retailer operating over 2,300 duty-free and duty-paid shops in airports, cruise lines, seaports, railway stations, and downtown tourist areas. Headquartered in Basel, Switzerland, the company operates in 64 countries in all six continents. According to CMS, this “landmark transaction for the sector in Russia and the rest of the CIS” will allow the company to increase its presence at the airports of the Moscow air hub, as it is already present at Sheremetyevo and Domodedovo. 

Founded in 1998, RegStaer Group is headquartered in Moscow. The company owns and operates duty-free shops at the Sheremetyevo airport, Vnukovo airport, as well as at Rostov-on-Don and Mineralnye Vody airports. RegStaer also owns and operates four Stefano Ricci boutiques in Moscow and Saint Petersburg.

The CMS team was led by Partners Vladimir Zenin and Hayk Safaryan, supported by Counsel Gregor Kennedy and Associates Mikhail Panferov, Elizaveta Rakova, and Nikolai Molostov.

The O2 team was led by Managing Partner Olga Sorokina and Partner Karen Shakhnazarov and included Partner Inna Perelekhova and Associates Yury Ustinov, Anna Chykhanatskikh, Georgiy Murzakaev, and Ksenia Kedrovskaya.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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