AVELLUM ADVISES ON SUCCESSFUL PRIVATISATION OF BILSHOVYK PLANT

AVELLUM acted as the legal counsel to the parties in connection with obtaining merger control clearance from the Antimonopoly Committee of Ukraine for privatisation of Joint Stock Company “First Kyiv Machine-Building Plant” (“Bilshovyk Plant”).

The Bilshovyk Plant was purchased at a privatisation auction held on 27 October 2021. The winner of the tender paid UAH1.429 billion for the shares in the Bilshovyk Plant as well as undertook to fulfil other investor’s obligations.

Mykola Stetsenko, the managing partner at AVELLUM, said: “We are proud to have advised on another landmark state privatisation in Ukraine that opens the opportunity for large investments into the country’s economy. We also welcome the positive decision of the regulator based on the results of the application review.”

The Bilshovyk Plant, founded in the late 19th century, manufactured equipment for sugar factories. The plant’s main asset is a 36-hectare land plot in Kyiv near the Shuliavska subway station.

AVELLUM team was led by Mykyta Nota, the partner and head of the antitrust practice, with significant support from senior associate Anton Arkhypov and junior associate Nataliia Chop.