Ogier Guernsey has advised on the US$575 million IPO on the London Stock Exchange of Etalon Group Limited, one of Russia’s largest residential estate developers. Etalon intends to use the majority of the net primary proceeds of IPO for the acquisition of new land plots with the balance used to finance working capital requirements, including the construction costs of new and existing projects.

Frances Watson, partner of Ogier Guernsey, led on this matter and was assisted by James Cooke, Associate lawyer of Ogier Guernsey. Simon Dinning, Managing Partner of Ogier London, advised on the BVI aspects of the deal.

Ogier Fiduciary Services are also providing administration services to Etalon.