European Business Association

Log in

Login to your account

Username *
Password *
Remember Me
News from members
Friday, 14 July 2017 09:35

AVELLUM Advises Kernel Holding S.A. on Acquisition of Farming Business by Its Subsidiary



AVELLUM advised its longstanding client Kernel Holding S.A. (“Kernel”) on the acquisition of 100% of shares in a farming business that manages over 170,000 tons of grain storage capacity and over 27,500 hectares of leasehold farmland by one of its subsidiaries. Total consideration of the deal amounted to USD43.3 million and was paid in cash.

The Antimonopoly Committee of Ukraine approved the acquisition in May 2017.

Recently, we have advised Kernel on the acquisition of 100% of shares in a large-scale farming business managing over 190,000 hectares of leasehold farmland and approximately 200,000 tons of grain storage capacity.

Earlier this year AVELLUM advised Kernel on its debut USD500 million eurobond issue, which was the first successful corporate eurobond offering from Ukraine since 2013.

Kernel is the largest Ukraine-based diversified agribusiness company in the Black Sea region with a share listing on the Warsaw Stock Exchange. It is also a leading exporter of, among other products, sunflower oil and grains.

The AVELLUM team was led by counsel, Yuriy Nechayev, with support from fellow associates Andriy Romanchuk, Andriy Gumenchuk and Dmytro Symbiryov, under the general supervision of managing partner, Mykola Stetsenko.

Calendar

Last month July 2017 Next month
M T W T F S S
week 26 1 2
week 27 3 4 5 6 7 8 9
week 28 10 11 12 13 14 15 16
week 29 17 18 19 20 21 22 23
week 30 24 25 26 27 28 29 30
week 31 31

EBA Official Partners