Advising on the sale of shares to foreign investor
Infralex advised one of the largest aggregators selling air tickets in the Russian Federation, on the selling of 25% shares to the largest China’s touristic online platform with the capitalization over USD 20+ billion.
The deal was organized in cooperation with an investment bank and included framework agreements and business cooperation agreements governed by English law and implemented in Russia through a series of local sale-purchase agreements and options, as well as a shareholders’ agreement.
During the project maintaining, our lawyers:
- Conducted an extensive legal due diligence of the client company
- Prepared and agreed upon a complete package of transaction documentation
- Provided full legal support for the transaction at all stages, including preparation of legal opinion
- Preparation and approval of documents, support of negotiations and closing of the transaction
The deal is of strategic importance for Russian-Chinese cooperation in the field of tourism, Internet services and information technology.
Our client got access to the best online technologies for the sale of airline tickets, hotels and other travel services developed by the share buyer, as well as additional financial opportunities for developing new technological solutions for travel agency employees.