Baker McKenzie's Kyiv office has conducted legal due diligence for the State Property Fund of Ukraine related to its successful privatization of the Dnipro Hotel, which was sold at auction on July 15, 2020 with a winning bid of UAH 1.111 billion (approximately USD 40.1 million).
The sale was implemented with the assistance of the United States Agency for International Development'sunder the Competitive Economy Program. "We thank the USAID for the opportunity to contribute to this milestone privatization in Ukraine in recent years," commented Baker & McKenzie Kyiv Managing Partner Serhiy Piontkovsky, who led his firm's team on the matter. "I truly hope that the transparent process of privatization of Dnipro Hotel will encourage investors to invest in Ukraine and to start a new wave of development of the Ukrainian economy.”
In addition to Piontkovsky, Baker's team included Senior Associate Nataliya Tyschenko and Associates Nadiia Filozop and Andrii Levchenko.