VTB Bank’s $464.3 Million Acquisition of SafeData

White & Case LLP has advised Rostelecom on the deal.

Rostelecom, the largest digital services provider in Russia, completed the disposal of a 44.8 percent stake in SafeData LLC (SafeData), the leading data centers and cloud services provider in Russia, to Russia-based VTB Bank for US$464.3 million (RUB 35 billion).

According to the transaction documents, SafeData may undergo an IPO within the next three years.

The White & Case team in Moscow which advised Rostelecom on the transaction was led by partner Nikolay Feoktistov (Picture) and included associates Evgeny Chernyavsky and Valery Lavrov.

Involved fees earner: Evgeny Chernyavsky – White & Case; Nikolay Feoktistov – White & Case; Valery Lavrov – White & Case;

Law Firms: White & Case;

Clients: Rostelecom;