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GOLTSBLAT BLP ADVISES MTS ON ACQUISITION OF A CONTROLLING STAKE IN START-UP LITEBOX

October 2017

Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP), has advised PJSC MTS, the leading telecommunications provider in Russia, on its acquisition of a controlling stake (50.82%) in the Russian retail software developer Oblachny Retail LLC operating under the LiteBox brand.

MTS has also entered into an option agreement with the Oblachny Retail shareholders, under which MTS has both a right and an obligation to purchase, at the request of minority shareholders, their shares at a price based on the company’s 2019 financial results. 

Goltsblat BLP team led by Ekaterina Dedova, Partner, Corporate/M&A and Head of TMT included Ian Ivory, Partner and Head of Corporate for Asia, Senior Associate Dimitri Antipin and Associates Anastasia Kudryashova and Mikhail Filatov. Senior Associate Anton Nefedev and Junior Associate Ksenia Danshina from IP practice, and a number of other Goltsblat BLP lawyers also contributed to this cross-practice deal.

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