Advising on the sale of a stake to a foreign investor
Infralex advised one of the largest aggregators selling air tickets in the Russian Federation on the sale of 25% interest in a group of companies to the largest touristic online platform in China with the capitalization of approximately USD 20 billion.
The deal was organized in cooperation with an investment bank and included framework agreements and business cooperation agreements governed by English law and implemented in Russia through a series of local sale-purchase agreements and options, as well as a shareholders’ agreement.
Infralex lawyers participated in the preparation of the deal documents, assisted the sellers in negotiating transaction terms and advised on other issues in connection with the deal.
The deal is of strategic importance for the Russian-Chinese cooperation in the field of tourism, Internet services and information technology.
Our client acquired access to the best online technologies for the sale of airline tickets, hotels and other travel services developed by the purchaser, as well as additional financial opportunities for developing new technological solutions for travel agents.