26 May 2021
EPAM Advised PPG in Russia in Connection With PPG’s Tender Offer for the Shares of Tikkurila Oyj

EPAM Competition Team EPAM served as legal adviser in Russia to PPG Industries in connection with PPG ‘s tender offer for the shares of Tikkurila.

On December 18, 2020, PPG announced that it had entered into an agreement to purchase Tikkurila, the leading Finnish manufacturer of varnishes and paints. The transaction was cleared by the EU, Finland and Kazakhstan antimonopoly authorities, with the FAS of Russia approval outstanding.

EPAM developed a strong legal position, emphasizing the positive effects of the transaction for the Russian economy, with the positive decision of the FAS Russia achieved promptly.