Herbert Smith Freehills has advised the Government of St. Petersburg on its Western High Speed Diameter (WHSD) Toll Road project with the LLC Northern Capital Highway consortium (OJSC Gazprombank and VTB Group), financed by a syndicate of banks comprising VTB Capital Plc, OJSC Gazprombank, Vnesheconombank, EBRD and Eurasian Development Bank. It reached financial close on 20 December 2012.

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Hogan Lovells has advised Kazakhstan’s state-owned holding company Samruk-Energy on its debut 3.75% US$500m 5-year Reg S Eurobond issue.

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Morgan Lewis has advised Valartis Group AG (VLRT: SIX Swiss Exchange), the holding company of the internationally active Valartis banking and finance group, on its sale of a strategic stake of about 40 percent in Eastern Property Holdings Limited (EPH: SIX Swiss Exchange) to the Liechtenstein-based Aurora Value Fund (“Aurora”). Concurrently, EPH announced that Aurora has acquired an aggregate of more than 66.67% of its voting shares.

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Orrick, Herrington & Sutcliffe LLP recently advised Siberian Agrarian Holding (“SAHO”), a Siberian grain producer, in its joint venture with Saudi Arabian investment company Najd Trading to ship Russian wheat and barley to the Middle East and North Africa. Saudi Arabia consumes roughly 15 million metric tons of grain annually and is the largest importer of Russian barley.

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Herbert Smith Freehills’ Moscow office has advised Far Eastern Shipping Company (FESCO) and Industrial Investors on the sale of 55% of FESCO’s shares to Summa for US$1.3 billion.

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International law firm Freshfields Bruckhaus Deringer has advised Russian petroleum firm Rosneft on the establishment of its US$10 billion Eurobond programme, and its first ever issue of Eurobonds. Within the programme, US$3 billion of bonds have been placed on international capital markets.

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Skadden is representing the consortium of Alfa-Access-Renova (AAR) in connection with the $56 billion sale of TNK-BP to Russian state-owned oil company Rosneft, announced on December 12.

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Akin Gump Strauss Hauer & Feld LLP is advising longstanding client Renova, a leading private business group, as a member of the Alfa-Access-Renova (AAR) consortium, in relation to the sale of AAR’s stake in TNK-BP to Rosneft for an all-cash consideration of $28 billion.

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Leading international law firm Akin Gump Strauss Hauer & Feld LLP is advising long-standing client ExxonMobil in a joint project with Rosneft to assess “tight oil” reserves at the Bazhenov and Achimov formations in Western Siberia.

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Akin Gump Strauss Hauer & Feld LLP has advised AF Telecom, as the majority shareholder in OAO MegaFon, in relation to MegaFon’s initial public offering (IPO) listed on the London Stock Exchange.

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