05
Tue, Jul
77 New Articles

Avellum Advises Kernel on USD 210 Million Sale of Farmland

Avellum Advises Kernel on USD 210 Million Sale of Farmland

Ukraine
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Avellum has advised Kernel Holding on the sale of several of its farming entities to a company controlled by Andrii Verevskyi.

According to Avellum, “the land bank held by the entities comprises around 134,000 hectares of farmland and related farming infrastructure. The consideration to be paid to Kernel is USD 210 million. Andrii Verevskyi controls Kernel’s largest shareholder and is also the chairman of Kernel’s Board of Directors.”

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

Avellum’s team included Partner Yuriy Nechayev and Associate Maryna Buinytska.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

Our Latest Issue