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Dentons Advises JSC Prosveshcheniye on Equity Transaction with Sber, VEB.RF, and RDIF

Dentons Advises JSC Prosveshcheniye on Equity Transaction with Sber, VEB.RF, and RDIF

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Dentons has advised Prosveshcheniye, a Russian educational integrator, on an equity transaction with Sber, VEB.RF, and RDIF, as a result of which each shareholder will hold a 25% stake in JSC Prosveshcheniye. 

According to Dentons, 100% of the company's shares “were valued for the purposes of the deal at approximately RUB 108 billion. Today Prosveshcheniye is the largest brand on the educational literature market in Russia. The company operates in all regions of Russia and in 190 countries worldwide, with annual print runs of over 130 million copies. Prosveshcheniye also provides direct support to educators and school students. The company's digital platforms count 30 million unique users per month.”

Dentons’ team included Partner Konstantin Kroll, Counsel Valeria Ponomareva, Senior Associate Oleg Khlestov, and Associate Arina Karsonova.

Dentons did not reply to our inquiry on the matter.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

Firm's website.