Associates of the banking & finance/capital markets practice provided the legal support for the reorganization procedure of NIKIMT-Atomstroy OJSC (which belongs to the state company “Rosatom”) in the form of spin-off of Zheleznogorskaya TEC OJSC.

The deal structure provided for placing of all shares in the spin-off company (Zheleznogorskaya TEC OJSC) in favor of the parent company (NIKIMT-Atomstroy OJSC).

Associates of the Firm succeeded in receiving the consent of the FAS of Russia for the creation of Zheleznogorskaya TEC OJSC with 100% participation of NIKIMT-Atomstroy OJSC, assisted in the registration of the newly established entity, and also accompanied the procedure of Zheleznogorskaya TEC OJSC shares issue.

“We are pleased to continue our cooperation with the state corporation “Rosatom” and NIKIMT-Atomstroy OJSC” – notices Dmitriy Glazounov, Partner at EPAM, who coordinated the project. “That project was interesting from a professional point of view. During the project we had to solve complex legal issues including those connected with composing of the separation balance sheet, identifying the source for the authorized capital of the spin-off company, and also the features of the stock promotion in such cases”.

Senior Associate Oleg Ushakov and Associate Gilyana Haraeva worked on that project with Dmitry Glazounov, Partner, Head of Banking & Finance, Capital Markets Practice at EPAM.