Asters has acted as local counsel to VTG Aktiengesellschaft on its formation of a European rail logistics joint venture with international logistics provider Kuhne + Nagel in Ukraine.
The two companies combined their rail logistics activities on January 1, 2014, to form pan-European VTG Rail Logistics. VTG Aktiengesellschaft holds a majority stake in the joint venture, which operates in 12 countries, from Northern Europe to the Bosporus and from Western Europe to Russia.
VTG Aktiengesellschaft is one of Europe's leading train car hire and rail logistics companies with a fleet of some 52,700 cars. VTG has three interlinked divisions -- Railcar, Rail Logistics, and Tank Container Logistics -- and specializes in the transport of liquid and sensitive goods from the chemical, petroleum, automotive, paper, and agricultural industries.
Asters' team working on the project was led by Senior Partner Armen Khachaturyan, and included Senior Associate Yevgen Kravtsov and Associate Oleh Furmanchuk.