Chrysostomides Advocates & Legal Consultants has advised on the USD 500 million Initial Public Offering of United Medical Group CY PLC, Russia’s leading multidisciplinary premium-class healthcare services provider operating under the European Medical Center brand, on the Moscow Stock Exchange. The secondary sale consisted of USD 500 million of GDRs sold by United Medical Group’s owners, including majority shareholders Igor Shilov, Egor Kulkov and Roman Abramovich.

The transaction is the largest IPO of medical clinics in Eastern Europe to-date and is believed to have paved the way for more overseas incorporated companies to sell equity instruments on the Moscow Stock Exchange.

Anna Rossides and Eleni Shiarly led the team from our firm that advised on the transaction.