Acting as a legal counselor for a participant in TC Megapolis CJSC during the sale of a 40% shareholding to foreign investors - Philip Morris International and Japan Tobacco International
Jus Aureum has advised on a sale of shares in TC MEGAPOLIS Closed Joint Stock Company to two foreign investors in a deal worth USD 1.5 billion plus a possible another USD 200 million or so payable depending on the company's operating performance over the following four years.
TC MEGAPOLIS Closed Joint Stock Company is a private business which owns and manages a number of assets involved in logistics operations and the marketing of basic goods. It is Russia's biggest distributor of tobacco products from Philip Morris International, Japan Tobacco International, and Imperial Tobacco Group. It is also in the distribution of beer, soft drinks, grocery products, lighters, batteries, contraceptives, energy drinks, and OTP (other tobacco products such as cigars, cigarillos, and tobacco). TK Megapolis CJSC does its business throughout the entire territory of the Russian Federation.
The Jus Aureum team supporting the share sale to Philip Morris International and Japan Tobacco International was led by managing partner Alexander Kobzev, with senior partner Oleg Rud, partners Tatiana Vladimirova, Sergey Bronetskiy, and Maksim Andronov, and senior lawyer Sergei Nikonorov overseeing various aspects of the transaction.
You can find the relevant press release here.
The unique nature of the deal and the important contribution made by Jus Aureum were noted by Legalweek.
