Egorov advises Knauf on Leningrad investment agreement

On 2 June, on the sidelines of the 21st St. Petersburg International Economic Forum, a cooperation agreement was signed between the Government of Leningrad Region and joint stock company Knauf Petrobord, a member of the Knauf Group. The agreement includes an investment by Knauf of at least RUB3.5bn to renovate production facilities for cardboard facing over the period to 2020, and provision of investor support by the Government of Leningrad Region.

Associates from Egorov Puginsky Afanasiev & Partners provided legal support to Knauf in formulating the terms of the agreement and during negotiations.