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White & Case and EPAM Advise on Aeroflot’s Equity Capital Increase

White & Case and EPAM Advise on Aeroflot’s Equity Capital Increase

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White & Case has advised VTB Capital as the sole global coordinator and bookrunner on PJSC Aeroflot's fundraising of more than USD 1 billion. Egorov Puginsky Afanasiev & Partners advised Aeroflot on the deal.

According to White & Case, this “is the largest capital increase by a company listed on the Moscow Exchange since 2013. The fundraise is part of Aeroflot’s financial strategy of strengthening its equity and liquidity position in the context of the exceptional circumstances caused by the coronavirus pandemic.”

According to EPAM, “under the transaction, the state was to keep its interest in Aeroflot-authorized capital of at least 51.17% ordinary shares, which required mandatory approval by governmental authorities.”

White & Case’s team in Moscow included Partner Darina Lozovsky, Local Partner Dmitry Lapshin, and Associates Renat Akhmetzyanov and Anastasia Sheyndlina, and in London Partner Inigo Esteve and Associate Samuel Curme.

EPAM’s team consisted of Partner Dmitriy Glazounov, Counsel Oleg Ushakov, Senior Associates Maxim Baryshev and Vladimir Goglachev, Associate Gilyana Haraeva, and Junior Associate Dmitry Kabanov.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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