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15 June 2011

Sayenko Kharenko acted as a legal counsel on obtaining merger clearance for the merger of Silvinit and Uralkali

Sayenko Kharenko antitrust team has provided legal assistance in obtaining merger clearance with the Antimonopoly Committee of Ukraine (the "AMC") for the merger of CJSC Silvinit and OJSC Uralkali.

The merger will create one of the world’s leading potash companies, a leading global fertilizer producer and one of Russia’s leading mineral resource companies.

Uralkali is one of the world's leading publicly-traded dedicated potash producers. Uralkali also has one of the world's leading potash export platforms through its joint venture interest in Belarusian Potash Company.

Silvinit is among the world’s largest potash producers. Silvinit operates three mines at the Verkhnekamskoe deposit of potassium and magnesium salts in the Perm region of the Urals in Russia, in close proximity to Uralkali’s operations.

After examining the proposed transaction, the AMC has concluded that its implementation poses no threat to competition nor significantly limits competition on any product market in Ukraine.

Sayenko Kharenko competition team for the current transaction included counsel Dmitry Taranyk and associate Maksym Nazarenko, and was led by partner Vladimir Sayenko.

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