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.