Integrites has represented Russian Aluminum (RusAl) in its successful application for the approval of the Antimonopoly Committee of Ukraine for its concentration with Glencore.
According to reports, the country's anti-monopoly committee allowed commodities trader Glencore to own a stake in a major Ukrainian alumina refinery controlled by Russia’s Rusal. As a result of the permits, Glencore can acquire shares in the Aluminium of Ukraine and Guardon Ukraine companies, which own the Mykolaiv alumina plant and are themselves controlled by Rusal.
According to Integrites, "as a result of comprehensive professional counseling, the Antimonopoly Committee of Ukraine granted a permission for concentration between the United Company Rusal and Glencore. Besides, the National Security and Defense Council of Ukraine confirmed the fact that the participants of the concentration are not subject to any restrictive measures (sanctions)."
Rusal is the world's largest aluminum producer. According to Integrites, "the assets of the United Company Rusal comprise the entire complex of enterprises involved in the chain of production of the final product: from mining plants to aluminum and foil-rolling plants, thus, allowing the company to monitor all stages of the production process, ensuring high-quality products."
Glencore International is one of the world's largest suppliers of raw and rare-earth materials. The Switzerland-based company operates in 50 countries and claims a headcount of more than 150 thousand employees. The company's revenue in 2016 amounted to USD 177 billion with adjusted EBITDA of USD 10 billion.
The firm's team consisted of Counsel Pavel Loginov and Lawyer Bogdan Ilchenko.
