"The terms of the transaction fixed the company's exit from the VEON group on terms that are fully in line with the interests of both parties and regulatory approvals," comments Leonid Ervits, Managing Partner and Head of Corporate Practice at LEVEL Legal Services.

"Beeline has always been an independent company, not just part of an international group, but now everything is 100% up to us. This primarily opens up new opportunities for the company. We have freed ourselves from restrictions and now we will become even more mobile and open for partnerships within our country", - comments Alexander Torbakhov, CEO of Beeline.

The work of LEVEL Legal Services lawyers included full support of the transaction from the buyers' side, including preparation of documentation and advice on English and Russian law, negotiation, consulting on sanctions and taxation issues, as well as support in obtaining approval of the transaction from the FAS of Russia and the Government Commission for Control over Foreign Investments in the Russian Federation.

The corporate practice team led by Leonid Ervits included senior associates Gleb Tikhomirov and Ekaterina Kamkina, associate Daria Grekhova and paralegals Veronika Gorenitsa, Ilya Pushkin and Elina Sagalova.