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Sayenko Kharenko Advises Elopak on Squeeze-out of Elopak-Fastiv Minority Shareholders

Sayenko Kharenko Advises Elopak on Squeeze-out of Elopak-Fastiv Minority Shareholders

Ukraine
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Sayenko Kharenko has advised Elopak A.S. on the squeeze-out of minority shareholders from PrJSC Elopak-Fastiv.

Elopak is an international supplier of paper-based packaging solutions for liquid food. The company is based in Norway and owned by the Ferd Group.

According to Sayenko Kharenko, in 2001, after a series of shares purchases, Elopak acquired dominant controlling stake in Elopak-Fastiv, which, “as a producer of packaging, holds a significant stake in the Ukrainian market. Following the squeeze-out procedure, Elopak, the dominant controlling shareholder of Elopak-Fastiv, has concentrated 100% of all issued shares.”

Sayenko Kharenko`s team was led by Partner Oleksandr Nikolaichyk and included Associates Oksana Daskaliuk and Tetiana Dyvak. The team advised both Elopak and ELopak-Fastiv on the deal.

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