LGP advises GW on entry into Kazakhstan

Schau-TV wird Kurier-Sender - LGP berät

Schau-TV wird Kurier-Sender - LGP berät
Managing Partner Ronald Frankl acted as lead counsel.

LGP has advised the international Gebruder Weiss transport and logistics company on the acquisition of two Almaty-based subsidiaries of the German shipping company, Brockmuller, located in Almaty, Kazakhstan.

The acquisition by Gebruder Weiss — which achieved annual sales in 2015 of around EUR 1.28 billion and has 6000 employees at 150 locations — was effected through the purchase of the Kazakh parent company. According to LGP, “the acquisition involved multiple jurisdictions and a number of special legal issues that had to be assessed specifically with consideration to Kazakh law (such as the transfer pricing aspects). 

"Thus far, a handful of Austrian companies have ventured into Kazakhstan," said LGP Partner Ronald Frankl, who oversaw the firm’s team on the deal. "With the acquisition of Brockmuller's Kazakh subsidiaries, a long-established Austrian company has now tapped into a strategically important market on the Silk Road. Drawing on our CIS expertise, Gebruder Weiss is taking advantage of the increasingly investor-friendly climate in Kazakhstan and the fact that since 2014, international companies have been able to settle there without needing local partnerships. 

"Besides its market potential, Kazakhstan plays an important role as a link between Europe, the CIS region and China. We are therefore pleased that we were able to offer our combination of infrastructure and project management experience, legal expertise and local presence in assisting a long-established Austrian company with its operations in the region,” said LGP founder, Gabriel Lansky.

In addition to Frankl, the LGP team working on the acquisition consisted of Vienna-based Associate Viktoria Jevtic and Senior Legal Counsel Robert Salfenauer and Kazakhstan-based Legal Counsels Ainur Kuandykova and Denis Alexa.