Avellum has advised the shareholders of the Karavan Hypermarket chain on their sale of the company to the Auchan Group. Sayenko Kharenko reportedly advised the buyers on the transaction, which remains subject to approval by the Antimonopoly Committee of Ukraine.
The Auchan Group operates 11 hypermarkets in the Ukrainian cities of Kyiv, Lviv, Odesa, Zaporizhzhia, and Kryvyi Rih, as well as engaging in e-сommerce in Kyiv and the region. In Ukraine, the Auchan Group employs over 3,600 people.
The Karavan Hypermarket chain operates nine stores with total area of over 58,000 square meters located in Kyiv, Kharkiv, Dnipro, Chernivtsi, and Zhytomyr. It employs approximately 3,300 employees.
The Avellum team was led by Counsel Yuriy Nechayev, supported by Associates Yuriy Zaremba, Dmytro Tkachuk, and Ilhar Hakhramanov, all working under the general supervision of Managing Partner Mykola Stetsenko.
Editor's Note: On September 19, 2017, CEE Legal Matters was informed by Avellum that "on 20 July 2017 the Antimonopoly Committee of Ukraine granted a merger control clearance for the acquisition of Karavan hypermarket chain by Auchan Group. The acquisition was completed on 5 September 2017."
Subsequently, Sayenko Kharenko confirmed that it had advised the Auchan Group on the deal, with a team led by Counsel Oleksandr Nikolaichyk and including Associates Andriy Zhupanyn, Oksana Andronyk, Mykhailo Grynyshyn, Daryna Dashkevych, Anastasiia Pavlovska, Aida Karagezian, Tetiana Tanchyn, Glib Bukharin, and Zarina Khalimon. The team worked under the general supervision of Partner Vladimir Sayenko.
