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CMS advises MND Group company Horyzonty on acquisition of Ukrainian Independent Geological Company

17/ 03/ 2026
  CMS advised Horyzonty LLC (Horyzonty), a member of the MND Group, in relation to the acquisition of Ukrainian Independent Geological Company LLC, a company operating in the upstream oil and gas sector based in western Ukraine. MND Group has been actively developing exploration and production activities in Ukraine since 2014, with a primary focus on natural gas. CMS advised Horyzonty on the corporate and regulatory structuring of the acquisition. The CMS team drafted and negotiated the transaction documents, coordinated the closing process, secured the required competition clearance, and supported selected post-closing matters. Vitaliy Radchenko, Managing Partner and Head of Energy & Climate Change at CMS Ukraine, comments: “We were delighted to support Horyzonty on this acquisition. During the war, transactions of this kind in Ukraine’s oil and gas sector are extremely rare and unique — primarily because Ukraine is perceived by Western investors through the prism of the current war-related risks. At the same time, we are very pleased to see that the European energy group MND has confidence not only in the Ukrainian market, but also in Ukraine’s victory in the war with russia. MND is not only investing and creating jobs in Ukraine, but is also contributing to strengthening our country’s energy independence. We hope that MND’s willingness to invest in Ukraine will serve as an important and meaningful signal for other European and global energy investors.” The CMS team was led by Vitaliy Radchenko and included Maryna Ilchuk and Maksym Zhurakovskyi (EPC); Mariana Saienko, Artem Sinelnikov, Marta Chernychka, and Dariia Yerokhina (Corporate); and Olga Belyakova, Mykola Heletiy and Oleksandr Sytnyk (Commercial). - END - For further information, please contact: Darina Gordienko E: [email protected] T: +38044 391 3377 Notes to editors: CMS Founded in 1999, CMS is an international organisation of independent law firms that offers full-service legal and tax advice. With 92 offices in over 50 countries across the world and more than 7,200 lawyers, CMS has longstanding expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets. The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate/M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Antitrust, Competition & Trade, Dispute Resolution, Employment, Labour & Pensions, Intellectual Property and Real Estate. For more information, please visit cms.law Horyzonty Horyzonty is part of the MND Group, a Czech-headquartered oil and gas group with a long-standing focus on exploration and production activities in Central and Eastern Europe. The MND Group’s core business is the exploration, production, storage and trading of natural gas and oil, alongside related energy activities. MND Group has been active in Ukraine since 2014, steadily developing upstream projects with a primary focus on natural gas. Through continued investment, MND Group contributes to strengthening regional energy security and supporting the resilience of Ukraine’s energy sector. MND Group operates across multiple jurisdictions and combines technical expertise with a long-term strategic approach to energy development. For more information, please visit: https://www.mnd.eu/en/about-us/

CMS advised Horyzonty LLC (Horyzonty), a member of the MND Group, in relation to the acquisition of Ukrainian Independent Geological Company LLC, a company operating in the upstream oil and gas sector based in western Ukraine.

MND Group has been actively developing exploration and production activities in Ukraine since 2014, with a primary focus on natural gas.

CMS advised Horyzonty on the corporate and regulatory structuring of the acquisition. The CMS team drafted and negotiated the transaction documents, coordinated the closing process, secured the required competition clearance, and supported selected post-closing matters.

Vitaliy Radchenko, Managing Partner and Head of Energy & Climate Change at CMS Ukraine, comments: “We were delighted to support Horyzonty on this acquisition. During the war, transactions of this kind in Ukraine’s oil and gas sector are extremely rare and unique — primarily because Ukraine is perceived by Western investors through the prism of the current war-related risks. At the same time, we are very pleased to see that the European energy group MND has confidence not only in the Ukrainian market, but also in Ukraine’s victory in the war with russia. MND is not only investing and creating jobs in Ukraine, but is also contributing to strengthening our country’s energy independence. We hope that MND’s willingness to invest in Ukraine will serve as an important and meaningful signal for other European and global energy investors.”

The CMS team was led by Vitaliy Radchenko and included Maryna Ilchuk and Maksym Zhurakovskyi (EPC); Mariana Saienko, Artem Sinelnikov, Marta Chernychka, and Dariia Yerokhina (Corporate); and Olga Belyakova, Mykola Heletiy and Oleksandr Sytnyk (Commercial).

– END –

For further information, please contact:

Darina Gordienko

E: [email protected]

T: +38044 391 3377

Notes to editors:

CMS

Founded in 1999, CMS is an international organisation of independent law firms that offers full-service legal and tax advice. With 92 offices in over 50 countries across the world and more than 7,200 lawyers, CMS has longstanding expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets.

The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate/M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Antitrust, Competition & Trade, Dispute Resolution, Employment, Labour & Pensions, Intellectual Property and Real Estate.

For more information, please visit cms.law

Horyzonty

Horyzonty is part of the MND Group, a Czech-headquartered oil and gas group with a long-standing focus on exploration and production activities in Central and Eastern Europe. The MND Group’s core business is the exploration, production, storage and trading of natural gas and oil, alongside related energy activities.

MND Group has been active in Ukraine since 2014, steadily developing upstream projects with a primary focus on natural gas. Through continued investment, MND Group contributes to strengthening regional energy security and supporting the resilience of Ukraine’s energy sector.

MND Group operates across multiple jurisdictions and combines technical expertise with a long-term strategic approach to energy development.

For more information, please visit: https://www.mnd.eu/en/about-us/

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

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