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11 February 2014

Sayenko Kharenko – legal counsel on obtaining merger clearance for the acquisition of the leading European provider of technologically advanced wheels

Sayenko Kharenko’s antitrust team has provided legal assistance in obtaining merger clearance with the Antimonopoly Committee of Ukraine (the “AMC“) for the indirect acquisition by BONATRANS GROUP a.s. (the “BTG”) of the block of shares of the German-based company Gutehoffnungshütte Radsatz GmbH (the “GHH”).

BONATRANS GROUP is the leading European manufacturer of rail wheelsets and their parts with 50-year history and revenues of Euro 220 mln in 2012. BONATRANS GROUP sells to most railway operators in Europe as well as to the leading rolling stock manufacturers globally.

Gutehoffnungshütte Radsatz is the leading provider of technologically advanced wheels and wheel sets for the light rail and heavy rail markets in Europe.

After examining the proposed transaction, the AMC has concluded that its implementation poses neither threat to competition nor significantly limits competition on any product market in Ukraine.

Sayenko Kharenko’s competition team for the current transaction included partner Vladimir Sayenko, counsel Dmitry Taranyk, senior associate Valentyna Hvozd, and associate Tetyana Smurova.

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