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Vasil Kisil & Partners advise Mondelez International on squeeze-out of minority shareholders in Mondelez Ukraine PrJSC

27/ 07/ 2018
  Vasil Kisil & Partners advised on buy-out of minority shareholdings through squeeze-out procedure, which succeeded in 1,975 shares of Mondelez Ukraine PrJSC being credited to the securities account of its controlling shareholder Kraft Foods Entity Holdings B.V. To improve effectiveness of governance Kraft Foods Entity Holdings B.V. decided to buy out shares (squeeze-out) of minority shareholders in Mondelez Ukraine PrJSC. Vasil Kisil & Partners acted for the majority shareholder and provided full legal support throughout the squeeze-out procedure. That covered elaborating the detailed action plan, communications with the bank on opening the escrow account, drafting all documents required by law, including an irrevocable public demand for buy-out of shares, etc. The lawyers have also advised the company on interaction with the National Securities and Stock Market Commission, Central Depository and other depository institutions, public enforcement officer and other entities involved in the procedure. The project team included partner Alexander Borodkin and associate Taisiia Asadchykh. Mondelez Ukraine PrJSC is part of Mondelez International group of companies, one of the worlds largest producers of chocolate products, cookies, candies, and chewing gums. Kraft Foods Entity Holdings B.V. operates as a subsidiary of Mondelez International.  The companys Ukrainian assets also include Trostianets Confectionery Factory in Sumy Region, a production unit of Mondelez Ukraine PrJSC, and Chips Lux subsidiary in Kyiv Region. The company produces and sells products under such trademarks as Korona, Milka, Barni, TUC, Belvita!, Lux, Halls, Dirol and Picnic. ### For more details please contact Olga Shevchenko, PR Manager Tel.: +380 67 358 47 82 E-mail: shevchenko@vkp.ua About the Firm Established in 1992, Vasil Kisil & Partners is a Ukrainian law firm that delivers integrated legal advice in banking & finance, mergers & acquisitions, capital markets, antitrust, competition and trade, dispute resolution, tax law, energy and natural resources law, intellectual property law, labor and employment law, real estate and construction law, as well as PPP, concessions and infrastructure law. Vasil Kisil & Partners is a member and exclusively represents Ukraine in such international professional associations as TerraLex (160 law firms in 100 countries), Cathay Associates (40 high-profile law firms with over 500 headcount worldwide in 43 major cities and countries across Europe and Asia) and Ius Laboris (1700 labor and employment lawyers in 50 countries). Andriy Stelmashchuk is a managing partner of Vasil Kisil & Partners law firm.

Vasil Kisil & Partners advised on buy-out of minority shareholdings through squeeze-out procedure, which succeeded in 1,975 shares of Mondelez Ukraine PrJSC being credited to the securities account of its controlling shareholder Kraft Foods Entity Holdings B.V.

To improve effectiveness of governance Kraft Foods Entity Holdings B.V. decided to buy out shares (squeeze-out) of minority shareholders in Mondelez Ukraine PrJSC.

Vasil Kisil & Partners acted for the majority shareholder and provided full legal support throughout the squeeze-out procedure. That covered elaborating the detailed action plan, communications with the bank on opening the escrow account, drafting all documents required by law, including an irrevocable public demand for buy-out of shares, etc. The lawyers have also advised the company on interaction with the National Securities and Stock Market Commission, Central Depository and other depository institutions, public enforcement officer and other entities involved in the procedure.

The project team included partner Alexander Borodkin and associate Taisiia Asadchykh.

Mondelez Ukraine PrJSC is part of Mondelez International group of companies, one of the world’s largest producers of chocolate products, cookies, candies, and chewing gums. Kraft Foods Entity Holdings B.V. operates as a subsidiary of Mondelez International.  The company’s Ukrainian assets also include Trostianets Confectionery Factory in Sumy Region, a production unit of Mondelez Ukraine PrJSC, and Chips Lux subsidiary in Kyiv Region. The company produces and sells products under such trademarks as Korona, Milka, Barni, TUC, Belvita!, Lux, Halls, Dirol and Picnic.

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For more details please contact Olga Shevchenko, PR Manager
Tel.: +380 67 358 47 82

E-mail: shevchenko@vkp.ua

About the Firm

Established in 1992, Vasil Kisil & Partners is a Ukrainian law firm that delivers integrated legal advice in banking & finance, mergers & acquisitions, capital markets, antitrust, competition and trade, dispute resolution, tax law, energy and natural resources law, intellectual property law, labor and employment law, real estate and construction law, as well as PPP, concessions and infrastructure law. Vasil Kisil & Partners is a member and exclusively represents Ukraine in such international professional associations as TerraLex (160 law firms in 100 countries), Cathay Associates (40 high-profile law firms with over 500 headcount worldwide in 43 major cities and countries across Europe and Asia) and Ius Laboris (1700 labor and employment lawyers in 50 countries). Andriy Stelmashchuk is a managing partner of Vasil Kisil & Partners law firm.

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