Debevoise & Plimpton LLP (“Debevoise”) advised Freight One, Russia's largest rail transport operator, on the purchase from Severstal, one of the major Russian steel producers, of 100% of shares in a rail transport operator ZAO StalTrans. The transaction includes the entry into contracts for rail cargo transportation with Severstal and two of its key mining subsidiaries. As part of the transaction, Freight One will also acquire 800 gondolas from Severstal.

The total consideration payable in the transaction is US$ 160 million.

The Debevoise team was led by partner Natalia Drebezgina and included senior associate Maxim Kuleshov and associates Vadim Ardatovski, Nik Kutnaks and Svetlana Panfilova.