Aequo and the Jipyong Seul office have advised Posco Daewoo Corporation on the acquisition of 75% stake in the grain terminal business located in Mykolaiv, south Ukraine, from the Orexim Group. Sayenko Kharenko advised the seller on the deal.
Aequo advised Posco Daewoo Corporation (PDC) on Ukrainian law and Jipyong served as global advisor to PDC, the South Korean trading company, which, according to Sayenko Khareno, will become the first Korean entity holding operating rights to a grain storage facility overseas.
The completion of the terminal is scheduled for July 2019.
Founded in 2004, the Orexim Group is a Ukrainian logistics group, engaged in export of agricultural products, as well as providing port and logistics services.
Through its global networks, PDC engages in the trading of a wide range of products from steel, automotive and components, machinery and industrial electronics to non-ferrous metal, food resources, chemicals, commodities, and textiles, with both local and international customers.
The Aequo team was led by Partner Anna Babych and included Of Counsel Oksana Krasnokutskaya, Counsel Michael Lukashenko, and Senior Associate Mykhaylo Soroka.
Sayenko Kharenko’s team was led by Partner Oleksandr Nikolaichyk and included Associate Ilhar Hakhramanov and Junior Associates Sviatoslav Kozak and Angelina Danyleiko.