DLA Piper has advised Atlantic Agro Holdings and DUI Holding on the sale of Kyiv Atlantic Group to Agrolife and Eridon. Integrites acted as lead legal counsel to one of the sellers.
The Kyiv Atlantic Group is a grain, oil seed, and vegetable protein processing agro-holding consisting of Kyiv Atlantic Ukraine, Atlantic Farms, and Atlantic Farms II. The Kyiv Atlantic Group was equally owned by Atlantic Agro Holdings, which belongs to the Sweere Family, and Danish company DUI Holding.
Kyiv Atlantic Ukraine has been operating in Ukraine for 28 years. Its 40-acre fenced area includes a grain elevator, a soybean expeller plant, and a modern feed mill. The company was acquired by Agrolife, a German supplier of oilseed, cereals and feed additives, and the two production farming companies.
Atlantic Farms, based in Kyiv region, leases about 3,000 acres of arable land, and Atlantic Farms II, based in Cherkasy region, leases 6,500 acres. Both companies were sold to Eridon, an agribusiness company owned by Serhiy Krolovets.
The DLA Piper team in Denmark was led by Partner Karsten Pedersen. The Kyiv team was led by Legal Director Anastasiya Bolkhovitinova.
The Integrites team was led by Managing Partner Oleksiy Feliv. The team also included Partner Volodymyr Pavlenko, Counsels Viktoriya Fomenko and Pavlo Loginov, Senior Associate Anton Babak, Associates Konstantin Kharchenko, Olena Savchuk, Andrii Lasikov, and Anastasiia Nesterenko.
Integrites did not reply to our inquiry about the deal.
Editor's Note: After this article was published Pavlenko Legal Group informed CEE Legal Matters that the firm advised both the Eridon group of companies and Agrolife on their acquisition of Atlantic Farms and Atlantic Farms II. Ukrainian law firm Engarde also advised Agrolife on the acquisition of Kyiv Atlantic Ukraine. The Pavlenko Legal Group team was led by Partner Denis Maistrenko and included lawyers Darya Stadnik and Veronika Shyrman.