Asters has helped Intreprinderea Mixta Zernoff S.R.L., an Eastern European manufacturer of spirits and strong alcoholic beverages, obtain approval from Ukraine's competition authority for its acquisition of Ukrspyrt's assets.
The privatization valued the relevant Ukrspyrt assets at UAH 120 million. In addition, the deal marks the first acquisition of Ukrspyrt assets by a foreign investor.
According to its own website, "the State-Owned Enterprise 'Ukrspyrt' is the largest producer of high-quality alcohol and alcohol products in Ukraine." According to the website, the company "provides excellent raw materials for variety of industries. The enterprise’s products are irreplaceable in the manufacture of alcoholic beverages, pharmacy, medicine, perfume, wine, confectionery industry, animal breeding and other sectors of the national economy. [Ukrspyrt] supplies quality ingredients for the production of paint materials, solvents and technical liquids for vehicles. Our products are used even in aeromodelling."
Asters’ team included Partner Alexey Pustovit and Associate Ivan Yaremchuk.