Global law firm White & Case LLP has advised VTB Bank on a secured term loan provided to Russian retail chain PJSC M.video, which is owned by SAFMAR Group, for the acquisition of the shares in Russian retail chain Eldorado.

SAFMAR Group intends to consolidate its retail assets by the first quarter of 2019 and become a key player in the Russian consumer electronics retail market.

"Given the current environment, this important deal is a landmark financing in the Russian market," said Moscow-based White & Case local partner Ekaterina Logvinova. "The deal also underlines the strength of the finance team at White & Case, even in uncertain market conditions."

The White & Case team in Moscow which advised on the transaction was led by partner Natalia Nikitina and local partner Ekaterina Logvinova, with support from associates Natalia Tsimbalova, Adel Shageev, Ilyana Scherbakova and Maria Kulmukhametova.