AVELLUM secures merger control clearance for acquisition of control over co-owner of Ocean Plaza

AVELLUM advised JSC Integrity Capital on obtaining merger control clearance from the Antimonopoly Committee of Ukraine for the acquisition of shares in LLC Lanita Invest. Lanita Invest is an indirect co-owner of Ocean Plaza – one of the largest shopping and entertainment complexes in Kyiv, Ukraine.

Following this transaction, Integrity Capital has now become an indirect co-owner of Ocean Plaza.

The other significant co-owner of Ocean Plaza is the State of Ukraine. It is anticipated that the State’s share will soon be offered for sale in an upcoming public auction.

Mykyta Nota, partner and head of the firm’s Competition practice, said: “This transaction illustrates the enduring spirit and resilience of Ukrainian businesses and investors, who continue to push forward against all odds. We are honoured to be entrusted with our clients’ most important matters.”

AVELLUM’s team was led by partner and head of Competition practice Mykyta Nota, with significant support from counsel Anton Arkhypov and associates Veronika Humeniuk and Yulia Bulenok.