29
Fri, Mar
38 New Articles

Avellum Advises Kernel Holding on Acquisition of Farming Business

Avellum Advises Kernel Holding on Acquisition of Farming Business

Ukraine
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Avellum has advised its longstanding client Kernel Holding S.A. on the acquisition of 100% of shares in a large-scale farming business that manages over 190,000 hectares of leasehold farmland and approximately 200,000 tons of grain storage capacity. The value of the deal was USD 155 million. The Antimonopoly Committee of Ukraine approved the acquisition in May 2017.

Kernel is the largest Ukraine-based diversified agribusiness company in the Black Sea region with a share listing on the Warsaw Stock Exchange. It is also a leading exporter of, among other products, sunflower oil and grains.

Earlier this year Avellum advised Kernel on its debut USD 500 million eurobond issue, which was the first successful corporate eurobond offering from Ukraine since 2013. (As reported by CEE Legal Matters on February 3, 2017). 

The Avellum team that advised Kernel on this transaction was led by Counsel Yuriy Nechayev, with significant support from Associates Andriy Romanchuk and Andriy Gumenchuk, all working under the general supervision of Managing Partner Mykola Stetsenko.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

Our Latest Issue