Avellum has helped LVN Limited obtain clearance from the Antimonopoly Committee of Ukraine for the privatization of a part of assets of Ukrspyrt – Ukraine’s state-owned producer of alcohol and liquor.
According to Avellum, “the AMCU’s decision has become the first merger control clearance in the course of privatization of alcohol production facilities.” The firm reported that “the privatization took place within the framework of the reform and development program of the alcohol industry for 2020-2023, approved by the Cabinet of Ministers of Ukraine.”
Mykola Stetsenko, Managing Partner of Avellum, described the deal as, “a landmark transaction for the industry as a whole and the first successful privatization case in the course of the demonopolization of the alcohol industry and privatization of other Ukrspyrt’s facilities.”
LVN Limited is part of the Nemiroff Group – a Ukrainian vodka producer. Nemiroff’s products are sold in more than 80 countries and account for approximately 40% of vodka beverages exported from Ukraine. According to Nemiroff CEO Yuriy Sorochinskiy, “following the acquisition of the facility, Nemiroff will prioritize the gradual introduction of modern production technologies, increasing efficiency and improving the quality of alcohol.”
Avellum’s team consisted of Managing Partner Mykola Stetsenko, Counsel Mykyta Nota, Senior Associate Anton Arkhypov, and Associates Valeriia Lepska and Yelyzaveta Kashyna.