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Cyprus branch of offshore law firm acted as advisor on US$300mln offer and sale


Offshore law firm Harneys (Cyprus) advised TCS Group Holding PLC on all the aspects of Cypriot law and regulations in connection with sale of 16,666,667 global depositary receipts representing interests in Class A shares of the Company at a price of US$18 per GDR. The sale raised gross proceeds of US$300mln. Global coordinator and joint bookrunner in connection with the offering was Morgan Stanley & Co. International plc, and a consortium of leading international investment banks also acted as joint bookrunners for the deal.

TCS Group Holding PLC is a Cyprus-based company which, together with its consolidated subsidiaries, is leading provider of online retail and lifestyle services via its tinkoff.ru financial system.
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