Dentons has advised Sberbank on the acquisition of 100 percent of Yo-Engineering, which has been developing the Russian “Yo-mobile” hybrid electric car, from Belarusian company KG Impex.
Yo-Engineering team will become part of SberAutoTech (Sber Automotive Technologies), Sberbank’s dedicated subsidiary focused on the strategy for developing automotive digital platforms, and will develop its lines related to creating a platform for autonomous vehicles, self-driving cars, as well as automobile operating systems and technologies.
Partner Glenn Kolleeny led the Dentons team working on the transaction, with the support from senior associate Oleg Khlestov and associates Tatiana Shadrina and Oxana Pishvanova. The Belarusian aspects of the project were handled by Stepanovski Papakul and Partners, member of Dentons Nextlaw Referral Network.
“We are very excited to have represented Sberbank on the transaction that contributes to the development of self-driving cars. This represents the solution to Moscow’s traffic and parking problems as well as a way to significantly ameliorate the air quality in Moscow,” commented Glenn Kolleeny.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.