{"id":119851,"date":"2018-07-05T11:11:35","date_gmt":"2018-07-05T08:11:35","guid":{"rendered":"https:\/\/eba.com.ua\/?p=119851"},"modified":"2018-07-10T11:16:20","modified_gmt":"2018-07-10T08:16:20","slug":"sayenko-kharenko-advised-glenalta-on-combination-of-its-business-with-cft","status":"publish","type":"post","link":"https:\/\/eba.com.ua\/en\/sayenko-kharenko-advised-glenalta-on-combination-of-its-business-with-cft\/","title":{"rendered":"[:en]Sayenko Kharenko advised Glenalta on combination of its business with CFT[:]"},"content":{"rendered":"<p>Sayenko Kharenko has acted as Ukrainian legal counsel to Glenalta S.p.A (<strong><em>Glenalta<\/em><\/strong>), a special purpose acquisition company, with respect to the combination of its business with CFT S.p.A (<strong><em>CFT<\/em><\/strong>), the parent company of CFT Group, one of the world\u2019s leading manufacturers of food processing and packaging machines (the\u00a0<strong><em>Transaction<\/em><\/strong>).<\/p>\n<p>Following the Transaction performed through reverse takeover, CFT\u2019s shares became listed on the Italian Alternative Investment Market (<strong><em>AIM Italia<\/em><\/strong>) with a free float equal to approximately 51.51% of CFT\u2019s share capital, which allows CFT to raise substantial finance to support its business. Additionally, it is anticipated that Glenalta will spend approximately EUR 88,000,000 on the development of CFT Group.<\/p>\n<p>Sayenko Kharenko\u2019s involvement in this Transaction included performing of full-scope legal and tax due diligence of CFT Ukraine, a Ukrainian company within CFT Group, including its corporate, contractual, regulatory, employment and financial affairs, as well as reviewing the company prospectus and advising on complex Ukrainian law matters with respect to the Transaction.<\/p>\n<p>Glenalta is an Italian special purpose acquisition company with assets of approximately EUR 98,000,000. Glenalta is listed on AIM Italia organized and managed by Borsa Italiana, the Italian central stock exchange.<\/p>\n<p>CFT Group, founded in 1945, is among the world\u2019s biggest designers and manufacturers of machinery and turnkey systems, mainly for the Food &amp; Beverage industry. Operating worldwide, CFT Group has a direct presence in ten countries (Italy, Germany, France, Russia, Ukraine, USA, Brazil, India, China, and Malaysia) and employs 570 people all over the world.<\/p>\n<p>The core Sayenko Kharenko team included associates Oksana Daskaliuk, Ilhar Hakhramanov, Olga Kyriusha and Dasha Dashkevych, and was led by counsel\u00a0<a href=\"http:\/\/sk.ua\/team\/sergiy-kazmirchuk\/\">Sergiy Kazmirchuk<\/a>\u00a0under the general supervision of partner\u00a0<a href=\"http:\/\/sk.ua\/team\/vladimir-sayenko\/\">Vladimir Sayenko<\/a>. Senior associate\u00a0<a href=\"http:\/\/sk.ua\/team\/konstantin-penskoy\/\">Konstantin Penskoy<\/a>\u00a0and associate Yurii Dmytrenko advised on tax matters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Sayenko Kharenko has acted as Ukrainian legal counsel to Glenalta S.p.A (Glenalta), a special purpose acquisition company, with respect to the combination of its business with CFT S.p.A (CFT), the parent company of CFT Group, one of the world\u2019s leading manufacturers of food processing and packaging machines (the\u00a0Transaction). Following the Transaction performed through reverse takeover, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":119861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sayenko Kharenko advised Glenalta on combination of its business with CFT - European Business Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eba.com.ua\/sayenko-kharenko-advised-glenalta-on-combination-of-its-business-with-cft\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sayenko Kharenko advised Glenalta on combination of its business with CFT - European Business Association\" \/>\n<meta property=\"og:description\" content=\"Sayenko Kharenko has acted as Ukrainian legal counsel to Glenalta S.p.A (Glenalta), a special purpose acquisition company, with respect to the combination of its business with CFT S.p.A (CFT), the parent company of CFT Group, one of the world\u2019s leading manufacturers of food processing and packaging machines (the\u00a0Transaction). 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