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Schoenherr Advises Fintur on Sale of Moldcell to CG Cell Technologies

Schoenherr Advises Fintur on Sale of Moldcell to CG Cell Technologies

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Schoenherr has advised Fintur Holdings B.V. on its USD 31.5 million sale of its 100% holding of Moldcell S.A., to CG Cell Technologies DAC. Gladei & Partners advised CG Technologies.

Fintur Holdings is a wholly-owned subsidiary of listed Swedish telephone company Telia Company AB. CG Cell Technologies is wholly-owned by the Nepalese business group CG Corp Global.

According to Schoenherr, “at the beginning of 2019 Turkish Fintur Holdings B.V. became part of Telia, a Swedish-Finnish multinational telephone company and mobile network operator present in Sweden, Finland, Denmark, Lithuania, Latvia, and Estonia. With approximately 900,000 customers, Moldcell is Moldova’s second-largest telecoms operator. The divestment of Moldcell marks Fintur's exit from the Eurasian market.”

Schoenherr’s team was led by Managing Partner Vladimir Iurkovski and included Associates Andrian Guzun and Denis Lefter.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu