Provided support in a large IT transaction in the interests of a Chinese tech company

Pepeliaev Group's team represented a Chinese tech company in a transaction for the purchase of the remaining 49% of the shares in a subsidiary of one of the world’s largest IT corporations.

Our lawyers were acting as a Russian consultant in a global transaction, a significant part of which was the company's Russian business. They advised the client on structural and corporate aspects of Russian law, prepared a comprehensive legal opinion for the Hong Kong Stock Exchange, assessed regulatory aspects of obtaining approvals of transactions from Russian control authorities (the Federal Antimonopoly Service and the government commission), and prepared and filed the necessary petitions and applications.

Russian and Chinese businesses are integrating more and more, and the Chinese side cannot manage without assistance in global tasks which include certain aspects of Russian law.

Previously, the client acquired 51% of the shares in the same company. Since then, its revenue has shown significant growth. By purchasing the remaining part, the client desired to optimise its business and improve its position on the digital tech market. The transaction worth USD 3.5 billion was a large-scale restructuring of the company's assets. Its effect can now be seen in all key Asian tech markets.