Sayenko Kharenko has acted as legal counsel to Elopak A.S. (“Elopak”) concerning the squeeze-out of minority shareholders from PrJSC “Elopak-Fastiv” (“Elopak-Fastiv”).
Elopak is an international supplier of paper-based packaging solutions for liquid food focused on breaking new ground at every level of packaging. In 2001, after a series of shares purchases, Elopak acquired dominant controlling stake in Elopak-Fastiv that, as a producer of packaging, holds a significant stake in the Ukrainian market. Following the squeeze-out procedure, Elopak, the dominant controlling shareholder of Elopak-Fastiv, has concentrated 100% of all issued shares.
Sayenko Kharenko provided complex support to the client in the course of the squeeze-out procedure, including implementation of all legal steps necessary for the acquisition of shares from minority shareholders, coordination of communication with the National Securities and Stock Market Commission, depository institutions, and the National Depositary of Ukraine, as well as drafting all the necessary supporting documents including the public irrevocable demand.
Sayenko Kharenko`s project team included associates Oksana Daskaliuk and Tetiana Dyvak and was led by partner Oleksandr Nikolaichyk.