Goltsblat BLP, the
Russian practice of the international law firm Berwin Leighton Paisner (BLP), has advised PJSC MTS, the
leading telecommunications provider in Russia, on its acquisition of a
controlling stake (50.82%) in the Russian retail software developer Oblachny
Retail LLC operating under the LiteBox brand.

MTS has also entered into an option agreement with
the Oblachny Retail shareholders, under which MTS has both a right and
an obligation to purchase, at the request of minority shareholders, their
shares at a price based on the company’s 2019 financial results.

Goltsblat BLP
team led by Ekaterina Dedova,
Partner, Corporate/M&A and Head of TMT included Ian Ivory, Partner and Head of Corporate for Asia, Senior Associate
Dimitri Antipin and Associates Anastasia Kudryashova and Mikhail Filatov. Senior Associate Anton Nefedev and Junior Associate Ksenia Danshina from IP practice, and a number of
other Goltsblat BLP lawyers also contributed to this cross-practice deal.