Vasil Kisil & Partners has advised Lekhim in its buy-out of minority shareholders in Technolog PJSC. As a result of the squeeze-out, more than 2.5 million shares of Technolog were credited to the account of the controlling shareholder, Lekhim JSC, on February 23, 2018.
According to Vasil Kisil & Partners, this procedure became available to dominant shareholders in Ukraine in June 2017. Both Lekhim and Technolog belong to the Lekhim group of pharmaceutical companies. According to VKP, "to optimize the shareholding structure and to improve the governance in Technolog, a group of shareholders, including Lekhim, used its right for a compulsory buy-out of shares from minority shareholders."
Vasil Kisil & Partners assisted with the squeeze-out procedure and advised on Lekhim's interaction with an independent appraiser, the National Securities and Stock Market Commission of Ukraine, a bank, and custodians. The firm's team included Partner Volodymyr Igonin, Associate Taisiia Asadchykh, and Junior Associate Artem Shmatov.