Maxim Telemtayev

IPO of KazMunayGas, a leading national oil and gas company 
Representation of National Company KazMunayGas JSC, a leading national oil and gas company, and Samruk-Kazyna, Kazakhstan's national welfare fund as the selling shareholder on the IPO of c. 18.3 million ordinary shares of KMG owned by Samruk-Kazyna on the Kazakhstan Exchanges (AIX and the Kazakhstan Stock Exchange). This is the first IPO on the AIX to be based on the prospectus prepared exclusively in accordance with the AIX regulations (all prior equity offerings on AIX followed a "dual listing" model where the AIX accepted prospectuses prepared in accordance with the regulations of exchanges the AIX recognizes as equivalent).

Zhanatas Wind Farm Financing
Representation of AIIB, EBRD, ICBC and the Green Climate Fund in relation on the project financing for the construction and operation of the 100 MW Zhanatas wind farm in Kazakhstan, the largest of its wind turbines kind in Central Asia. The transaction was awarded "Deal of the Year" for 2021 by China Business Law Journal, and the "Projects & Energy Deal of the Year" by The In-House Community.

Almaty International Airport Reconstruction
Representation of the senior international lenders, EBRD and IFC, in the secured financing of the Almaty International Airport reconstruction for US$450 million. The transaction was named "M&A/Acquisition Finance Deal of the Year" by Bonds, Loans & Sukuk Turkey Awards 2022.

Khorgos-Eastern Gateway
Representation of VPE Eurasia GP Limited, a SPV fully owned by private equity fund, VPE Capital, and Mubadala, in relation to the sale of a stake in KIF Warehouses LLP located in the Khorgos-Eastern Gateway logistics park in Kazakhstan.

The First and Large Road PPP in Kazakhstan
Representation of an international consortium of sponsors, Alsim Alarko Sanayi Tesisleri ve Ticaret A.Ş, Makyol İnşaat Sanayi Turizm ve Ticaret A.Ş., SK Engineering & Construction Co., Ltd. and Korea Expressway Corporation on the development and financing of the US$750 million Big Almaty Ring Motor Road (BAKAD). The BAKAD project is one of the largest non-oil infrastructure public-private partnership projects of the Kazakhstan Government financed by the private sector. This project was named "Europe Transport Deal of the Year: BAKAD" by Project Finance International 2020.
 
Nostrum Oil & Gas
Representation of Nostrum Oil & Gas, a premium listed company with oil and gas assets in Kazakhstan, on its proposed restructuring of US$1.1 billion of notes due in 2022 and 2025 by way of debt for equity swap deal with noteholders.

Representation of Nostrum Oil & Gas on its proposed US$53 million acquisition of the Stepnoy Leopard licence in Kazakhstan.

Kazakhtelecom's acquisition of Kcell
Representation of Kazakhtelecom JSC, Kazakhstan's state-controlled leading telecommunications company, on the acquisition of a 75 percent stake in Kcell JSC, the leading mobile operator in Kazakhstan which is listed on the London Stock Exchange (LSE) and the Kazakhstan Stock Exchange (KASE).

First IPO on Astana International Exchange
Representation of a syndicate of banks including Credit Suisse and J.P. Morgan as joint global coordinators and joint bookrunners, China International Capital Corp., Halyk Finance and Mizuho International plc as joint bookrunners, and Numis Securities as co-manager, on the US$451.3 million initial public offering of JSC NAC Kazatomprom, the world's largest producer of uranium. Kazatomprom's ordinary shares have been admitted to trading on the newly established Astana International Exchange (AIX) and GDRs on the LSE and AIX. This deal was named as "ECM Deal in CEE, Russia and CIS" by GlobalCapital 2019.

Private investment of Resource Capital Fund VII L.P.
Representation of Resource Capital Fund VII L.P., a US-based private equity fund, in a 35 percent indirect equity acquisition of RG Gold, a gold mining company based in Kazakhstan.

Buyback offer of KazMunaiGas Exploration and Production
Representation of KazMunaiGas Exploration and Production JSC in relation to its buyback offer for shares and GDRs. This unique project required an innovative listing of the GDRs on KASE to permit a repurchase of GDRs in a tax efficient manner for holders.

M&A transactions of the largest polymetall producer in Kazakhstan
Representation of Kazzinc Limited, a subsidiary of Glencore plc, on its sale of Orion Minerals LLP, which owns the Komarovskoye gold deposit in the Republic of Kazakhstan, to Polymetal International plc. The total consideration payable to Orion Minerals was US$100 million in cash.

Representation of Kazzinc Limited, the largest polymetals producer in Kazakhstan, on its acquisition of Zhairem GOK JSC, a large producer of manganese, ferromagnesian and barite concentrates.

Astana International Financial Centre
Representation in connection with the developing of the model, drafting the Constitutional Law "On the Astana International Financial Centre" and further establishment of a new Astana International Stock Exchange within the AIFC territory – AIX.

Petrochemical project in West Kazakhstan
Representation of Kazakhstan Petrochemical Industries (KPI) on the development, construction, and financing of a $2 billion petrochemical complex to be located in the Atyrau region of Kazakhstan. The financing for the project was provided by China Development Bank Corporation Xinjiang Branch.

New Subsoil Use Code of Kazakhstan
Since 2013 leading the W&C team, who has been at the forefront of the subsoil use legislation improvement being a part of the working groups under the auspices of Ministry of Investments and Development and Ministry of Energy of the Republic of Kazakhstan and KazEnergy Association. Work included amendments to the Subsoil Use Law and drafting New Subsoil Use Code of the Republic of Kazakhstan.