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Avellum Helps Nemiroff Obtain Approval for Privatization of Ukrspyrt in Ukraine

Avellum Helps Nemiroff Obtain Approval for Privatization of Ukrspyrt in Ukraine

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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.

Avellum at a Glance

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