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20 june 2011

Advising DIXY in its purchase of a major Russian foods and convenience goods retailer

Jus Aureum has acted as a legal consultant for the DIXY retail chain during its acquisition of 100% of the shares in Victoria Group of Companies - a leading Russian retailer of foodstuffs and convenience goods.

DIXY estimates that the deal, worth RUB 25.6 billion, inclusive of financial debt, immediately available funds, and their equivalents, should help boost its sales by more than 50%. The merger should also give the chain appreciably stronger positions in its procurement operations and enable it to tap the existing potential of optimizing logistics and transportation costs.

The transaction 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.

The relevant press release from DIXY can be found here.