Debevoise & Plimpton LLP has advised PJSC MegaFon (“MegaFon”) in its transaction with PJSC VimpelCom (VimpelCom”), a Russian subsidiary of VEON Ltd. (“VEON”), to discontinue their Euroset joint venture.
Pursuant to terms of the transaction, VimpelCom acquired half of Euroset’s retail stores and sold its 50% interest in the Euroset joint venture to MegaFon, resulting in MegaFon now owning 100% of Euroset.
Prior to the transaction, Euroset, Russia’s largest mobile and electronics retail network, was co-owned by VimpelCom and MegaFon.
The Debevoise team advising MegaFon was led by the managing partner of the Moscow office Alan Kartashkin, and included international counsel Nik Kutnaks and associates Tamara Kulyk, Mikhail Movshovich and Elena Sevastianova.
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