We assisted DEG – Deutsche Investitions- und Entwicklungsgesellschaft with acquisition of shares in Belgips JSC, the only Belarusian manufacturer of gypsum-based building materials. The acquisition followed successful implementation by Belgips of a major investment project involving construction of a new highly automated and energy efficient plant in Gatovo, Belarus.
DEG finances long-term private-sector investments in developing and emerging markets that act as a driver for sustainable development. DEG is a wholly-owned subsidiary of KfW, a German promotional bank aimed at sustainable economic, social and ecological development in Germany and worldwide. In 2019, DEG committed EUR 1.85 billion for entrepreneurial investments, holding a portfolio of EUR 9.03 billion in developing and emerging markets.
Our team, consisting of partner Maksim Salahub and associate Aliaksei Vashkevich of the Corporate & M&A team, as well as senior associates Alexey Fidek (Tax) and Ann Laevskaya (Banking & Finance) and other colleagues advised the client on Belarus law-related issues.
The global legal counsel for the transaction was Clifford Chance.
