Latham & Watkins advised Sistema PJSFC in the transaction.
Sistema PJSFC is a publicly traded diversified Russian holding company.
The company announced that a consortium of investors comprising the Russian Direct Investment Fund (RDIF), the Russia-China Investment Fund (RCIF) established by the RDIF and China Investment Corporation, and leading Middle Eastern funds (the Investment Consortium) completed the acquisition of a minority stake in OBL Pharm for an amount exceeding RUB4 billion.
Upon completion of the transaction, the Investment Consortium’s effective stake will be 28%, VTB Bank will own 46% and Sistema will hold 13%.
Latham & Watkins advised Sistema in the transaction with a Moscow team led by corporate partner Olga Ponomarenko (Picture) with associates Timur Bayramov, Oksana Uberwolf, and Vladimir Mikhailovsky.
Law Firms: Latham & Watkins;
Clients: Sistema JSFC;