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Asters Helps Zernoff Obtain Antimonopoly Approval for Privatization of Ukrainian Spirits Industry

Asters Helps Zernoff Obtain Antimonopoly Approval for Privatization of Ukrainian Spirits Industry

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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.

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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