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Avellum Advises Kernel on Acquisition of Railcar Business

Avellum Advises Kernel on Acquisition of Railcar Business

Ukraine
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Avellum has advised Kernel Holding S.A. on the acquisition of 100% of shares in Rail Transit Kargo Ukraine. Based on the enterprise value, the deal is worth USD 64 million.

According to Avellum, "the acquisition should increase Kernel’s operating profitability and protection against ever increasing logistics costs as well as procure the smooth and efficient delivery of grains from inland silos to ports."

Kernel is a global producer and exporter of sunflower oil and a major supplier of agricultural products from the Black Sea region to world markets. Kernel exports its products into over 60 countries.

RTK Ukraine is a grain hopper wagon fleet operator in Ukraine with a market share amounting to 15%. RTK Ukraine has a fleet of approximately 3,000 grain railcars.

The Avellum team was led by Partner Yuriy Nechayev with support from Associates Vladyslav Aleksandrov and Maryna Buinytska.

Avellum reported that it was unable to provide further information about the deal.

 

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

 

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