INFRALEX helped LITOKOL S.P.A. to increase its share of Russian aggregate industry company.
In December 2016 LITOKOL S.P.A., the leading manufacturer of construction materials, purchased equity interest in Russian distribution network entity and increased the share of its participation in this Russian holding company that consolidates building products manufacturing facilities. Parties to the transaction also provided each other with options to the participatory interest in the share capital of the distribution network entity that can be exercised until 2020. INFRALEX Corporate Law and M&A practice team led by partner Artem Kukin provided legal advice for the transaction.
INFRALEX lawyers, acting jointly with their longstanding partners at SCORDIS, PAPAPETROU & Co LLC
(Cyprus) law firm, provided legal support on all stages of the transaction, including negotiation and drafting of the sale and purchase agreement regarding the participatory interest in the Russian Company in accordance with both the law of Cyprus and the mandatory legal provisions of Russian law. Complex system of call and put options governed by Russian law was implemented in regards to the participatory interest of the Company and will remain in effect until 2020.
The transaction provides LITOKOL S.P.A.
with opportunities to increase its presence on the Russian building products market, and to pursue a more effective business strategy