BCLP advises Sberbank on selling Akhangarancement

21.07.2021

Bryan Cave Leighton Paisner (Russia) LLP (formerly Goltsblat BLP LLP), together with co-counsel in Uzbekistan Kosta Legal (kostalegal.com), advised Sberbank on selling 84.2% of the shares in JSC Akhangarancement, which were pledged to Sberbank, as part of a global arrangement for settling the debts of Eurocement Group.

This has been the biggest deal on the National Stock Exchange in Tashkent in recent years. Akhangarancement is the second biggest cement producer in Uzbekistan.

The BCLP team was led by partners Yury Babichev and Anton Panchenkov, and included senior associate Anastasia Kudryashova and associate Polina Tulina.

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