Goltsblat BLP has advised Russian billionaire Roman Avdeev's Rossium group of companies on their acquisition of a 90.99% stake in Mikhail Prokhorov's Onexim group's PJSС OPIN development group. Onexim was advised by Herbert Smith Freehills on the deal.
Founded in 2002, OPIN has become one of the leading real estate development companies in Russia. The company’s portfolio includes nearly 200,000 square meters of commercial space and 500 hectares of developed master-planned communities, according to the OPIN website. The deal also gives Rossium Concern control over all development projects, including the Torpedo Stadium site and a land bank of 28 thousand hectares.
Goltsblat BLP's team was led by Partner Rustam Aliev, who described the deal as "a complex transaction with a very intense timeline," and said that the "high level of proficiency and expertise of all parties involved translated into smooth completion. We were happy to be a part of that."
Aliev was supported by Partner Ian Ivory, Heads of Group Dmitry Maltsev and Dmitry Ilyin, Senior Associate Dimitri Antipin, and Associate Victoria Bodrova.
Herbert Smith Freehills did not reply to our inquiry on the matter.