Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 19-11-2012 | Practice Area: | Corporate and M&A |
| Deal Title: | INTER RAO acquisition of Bashkirenergo business | Industry: | Electricity |
| Description: |
Allen & Overy advised INTER RAO UES in connection with the acquisition of the power generation business of Bashkirenergo, a major Russian producer of electricity and heat operating in Bashkortostan.
The transaction was structured in two stages: an acquisition by INTER RAO UES of additional shares in Bashkirenergo from AFK Sistema and minority shareholders of Bashkirenergo (resulting in INTER RAO UES holding 72.91% voting shares of Bashkirenergo) and a further reorganisation of Bashkirenergo, resulting in the transfer of the power generation business to INTER RAO UES. The reorganisation of Bashkirenergo was carried out in the form of a demerger into Bashkir Power Grid Company (holding the power grid assets of Bashkirenergo) and Bashenergoaktiv (holding the power generation assets of Bashkirenergo), resulting in AFK Sistema holding 92.48% of the voting shares in Bashkir Power Grid Company and INTER RAO UES holding 92.48% of the voting shares in Bashenergoaktiv. Immediately following the demerger, Bashenergoaktiv merged into INTER RAO UES resulting in the transfer of the power generation business to INTER RAO UES and the minority shareholders of Bashenergoaktiv becoming shareholders of INTER RAO.
Anton Konnov was supported by associates Anton Mogilevsky, Gareth Irving, Nathaniel Luker, Bulat Zhambalnimbuev and Timur Bayramov.
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| Financial Center: | Moscow | Value: | 0.00-0.00 |
| Advised Party: | Acquiror | Law Firm | Allen & Overy |
| Target Company Jurisdiction: | Russian Federation | Acquiror Jurisdiction: | Russian Federation |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Anton Konnov |
