Freshfields, Cleary and Salans head up $1.6bn Russian energy deal
A trio of international law firms have won roles on a $1.6bn (£1.0bn) Russian energy deal as Gazprom moves to grow its share of the market. Cleary Gottlieb Steen & Hamilton has advised Gazprom on the deal, which closed last week (23 September) and saw the Russian energy giant buy a 51% stake in SeverEnergia from Italian utility companies Enel and Eni.
September 29, 2009 at 09:45 AM
2 minute read
A trio of international law firms have won roles on a $1.6bn (£1.0bn) Russian energy deal as Gazprom moves to grow its share of the market.
Cleary Gottlieb Steen & Hamilton has advised Gazprom on the deal, which closed last week (23 September) and saw the Russian energy giant buy a 51% stake in SeverEnergia from Italian utility companies Enel and Eni.
Enel was advised by Salans, while Eni instructed magic circle firm Freshfields Bruckhaus Deringer.
Freshfields partner Jacky Baudon lead the firm's team in Moscow, alongside senior associates Sergei Diyachenko and Ekaterina Dorokhina.
Moscow and Paris-based capital markets partner Russell Pollack was the lead partner at Cleary for Gazprom, while Moscow-based partner Jane Tarassova led the team for Salans. The Salans team also included London corporate head Paul Salmon and lawyers from the firm's New York and Paris offices.
Eni and Enel purchased the SeverEnergia stake during the 2007 Russian bankruptcy auction of the assets of Yukos. Following the deal with Gazprom, Enel's stake in the company has reduced from 40% to 19.6%, while Eni's has dropped from 60% to 29.4%.
The deal comes after Gazprom's $4.2bn (£2.6bn) purchase of a 20% stake in its oil unit Gazprom Neft (formerly Sibneft) from Eni in April. Cleary also advised Gazprom on that deal, while Eni turned to Dewey & LeBoeuf City partner Dan Coppel and Moscow partner Jon Hines.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Hengeler Advises On €7B Baltica 2 Wind Farm Deal Between Ørsted and PGE
2 minute read
Slaughter and May and A&O Shearman Advise as Latest UK Company Goes American
3 minute read
Linklaters Continues Renewable Energy Hot Streak With Latest Offshore Wind Farm Project
2 minute read
Trending Stories
- 1An Eye on ‘De-Risking’: Chewing on Hot Topics in Litigation Funding With Jeffery Lula of GLS Capital
- 2Arguing Class Actions: With Friends Like These...
- 3How Some Elite Law Firms Are Growing Equity Partner Ranks Faster Than Others
- 4Fried Frank Partner Leaves for Paul Hastings to Start Tech Transactions Practice
- 5Stradley Ronon Welcomes Insurance Team From Mintz
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
