Bryan Cave Leighton Paisner Russia has advised Orion LLC, an ESN Group company, on its sale of a 100% stake in fiscal data operator First OFD to the VTB Group.
According to Bryan Cave Leighton Paisner, "First OFD processes and transfers fiscal data in near-real-time mode from cash registers to the Federal Tax Service of Russia. The company serves about 400,000 cash registers and is one of the three largest fiscal data operators in Russia, with a market share of approximately 16%."
The Bryan Cave Leighton Paisner team was directed by Partner Anton Sitnikov and included Senior Associates Oksana Orlovskaya, Kseniya Shevchenko, and Anastasia Kudryashova, Counsel Anton Nefedev, Junior Associates Mikhail Erokhin, Gleb Liubochko, and Igor Saprykin, and Head of Tax Advisory Anna Zelenskaya.
Editor's Note: This article was updated to correctly identify Orion LLC's parent company and to correct the names of the Bryan Cave Leighton Paisner team.