Lane & Partners LLP advises on ice-cream sale
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Lane & Partners LLP is pleased to announce that it recently advised, in conjunction with Advokatfirmaet Selmer DA, The European Bank
for Reconstruction and Development and Norum (Cyprus) Limited (manager to the relevant EBRD regional venture fund) in the disposal of its
30% interest in Inmarko to Unilever N.V. Linklaters, in conjunction with its in-house legal department, acted for Unilever N.V.
and Squire Sanders & Dempsey acted for the other vendors.
Inmarko was established in 1991 and is the leading ice-cream company in Russia and had a turnover of approximately €115 million in
2007. The company has a strong brand and product portfolio with clear market leadership in central and Eastern Russia and a fast growing
business across all regions of the Russian Federation and Kazakhstan. It has an extensive supply-chain network including three factories
in Novosibirsk, Omsk and Tula and currently employs more than 4,500 people. The consideration paid under the acquisition agreement is
confidential. The agreement which is conditional on competition approval is expected to complete later this year.
Unilever is a multinational corporation formed of Anglo-Dutch parentage and owns many of the world's consumer product brands in foods,
beverages, cleaning agents and personal care products. Unilever employs nearly 180,000 people and has world-wide revenue of €40
billion in 2006. The company is widely listed on the world's stock exchanges.
Simon McLeod, a partner in Lane & Partners Corporate Finance team led the transaction.
Commenting on the transaction Simon McLeod said:
"Lane & Partners LLP is unusual for a firm of its size. It has a long-standing and growing international practice and was
delighted to receive this significant instruction which played to the strengths of the firm".
For further information please contact Simon McLeod.
Tel: 020 7242 2626
e-mail: simon.mcleod@lane.co.uk
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Recommended in The Legal 500
Lane & Partners is delighted to be recommended in five sections of The Legal 500 for 2007 –
Aviation,
Aviation Insurance,
Construction,
Corporate and
Travel
(September 2007)
Appointed to easyJet panel
Following a review, easyJet has established a panel of English legal advisers for the first time, to which the Firm is pleased to be appointed. (July 2007)
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Tim Allen, an associate in our Real Estate Department has qualified to represent Great Britain in the 30-34 year-old age group at
the 2008 International Triathlon Union World Championships. The World Championships will take place in Almere in the Netherlands
and will include a 4km swim, 120km bike and 20km run. Tim also raced for Great Britain in 2007 and is looking forward to
representing his country again this year.
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