International law firm Freshfields Bruckhaus Deringer has advised Kazakhstan mobile operator Kcell Joint Stock Company (‘Kcell’) on its inaugural stock market listing in London. Kcell is the largest mobile operator in Kazakhstan by market share with revenues at the end of 2011 of about USD$1,193million from approximately 12.7million subscribers.
Freshfields teams in both Moscow and London advised on the deal, led by partner Sebastian Lawson in Moscow.
Sebastian Lawson commented, ‘Advising on this listing for Kcell underlines Freshfields’ market leading position as the law firm of choice for Kazakhstan firms seeking a listing in London. Through the firm’s experience and market knowledge we have become the market-leading equities and capital markets practice for issuers from Central Europe and the Commonwealth of Independent States (CIS)’.
Freshfields has acted on a number of London listings for Kazakh companies, with previous deals including KMG E&P, Alliance Bank, Halyk Bank.
