AVELLUM ADVISES KERNEL ON USD210 MILLION SALE OF ITS FARMLAND

Newsroom

AVELLUM ADVISES KERNEL ON USD210 MILLION SALE OF ITS FARMLAND

AVELLUM acted as the legal counsel to its longstanding client Kernel Holding S.A. (“Kernel”) on the sale of several of its farming entities to a company controlled by Mr. Andrii Verevskyi. The land bank held by the entities comprises around 134 thousand hectares of farmland and related farming infrastructure. The consideration to be paid to Kernel is USD210 million.

The aim of the transaction is to de-risk the business and improve the mid-term liquidity of Kernel amid a blockade of Ukrainian Black Sea ports caused by Russia’s unprovoked military aggression against Ukraine.

AVELLUM provided full legal support to the client in negotiating and drafting the transaction documents.

Kernel is the world’s leading and Ukraine’s largest producer and exporter of sunflower oil.

Mr. Andrii Verevskyi controls Kernel’s largest shareholder and is also the chairman of Kernel’s Board of Directors.

AVELLUM team was led by partner Yuriy Nechayev with support from associate Maryna Buinytska.

Authors

YURIY NECHAYEV

Partner

ynechayev@avellum.com

MARYNA BUINYTSKA

Senior Associate

mbuinytska@avellum.com

Related industries

Posted on May 2, 2022

AVELLUM is highly recognised in the IFLR1000 ranking

We are thrilled to announce that AVELLUM has once again achieved outstanding recognition in the prestigious IFLR1000 rankings.  AVELLUM is listed in the highest Tier 1 for Banking and Finance, M&A, Capital Markets, Restructuring & Insolvency, and Tier 3 for Project development work. We are immensely proud of the individual rankings garnered by our team: […]

Posted on September 18, 2023 by MYKOLA STETSENKO

Vadim Medvedev and AVELLUM team helped to secure anti-suit injunction before High Court in England and Wales

AVELLUM is pleased to announce that its partner, Vadim Medvedev, acted as an expert on Ukrainian law in a high-profile case before the High Court of Justice. The case arises from certain claims related to alleged misappropriation of loans originally issued by a now-insolvent Ukrainian bank. AVELLUM’s assistance proved instrumental for the High Court to […]

Posted on September 12, 2023 by VADIM MEDVEDEV
Subscribe to our Newsletter
Back
Search results: