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Sayenko Kharenko Advises Glenalta on Merger with CFT

Sayenko Kharenko Advises Glenalta on Merger with CFT

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Sayenko Kharenko has advised Glenalta S.p.A on its merger with CFT S.p.A, the parent company of CFT Group, a manufacturer of food processing and packaging machines.

Following the transaction, which as performed through reverse takeover, CFT’s shares became listed on the Italian Alternative Investment Market ("AIM Italia") with a free float equal to approximately 51.51% of CFT’s share capital, which allows CFT to raise substantial finance to support its business. Additionally, it is anticipated that Glenalta will spend approximately EUR 88 million on the development of CFT Group.

Glenalta is an Italian special purpose acquisition company, listed on AIM Italia, which is organized and managed by Borsa Italiana, the Italian central stock exchange.

The CFT Group, founded in 1945, is a global designer and manufacturer of machinery and turnkey systems, mainly for the food & beverage industry.

The Sayenko Kharenko team was led by Counsel Sergiy Kazmirchuk, working under the general supervision of Partner Vladimir Sayenko. The team also included Senior Associate Konstantin Penskoy and Associates Yurii Dmytrenko, Oksana Daskaliuk, Ilhar Hakhramanov, Olga Kyriusha, and Dasha Dashkevych.

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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