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7 September 2011

Sayenko Kharenko – legal counsel on obtaining merger clearance for acquisition of a leader in hydraulic filtration

Sayenko Kharenko antitrust team has provided legal assistance in merger clearance with the Antimonopoly Committee of Ukraine (the "AMC") for the acquisition of Internormen Technology Group ("Internormen"), a leader in hydraulic filtration and instrumentation, by Eaton Corporation Inc. ("Eaton"), a holding company of the Eaton group of companies.

The proposed acquisition allows the Eaton Group to implement its strategic goals through developing creative potential for its employees and customers and expanding its product and brand portfolio via active yet disciplined M&A strategy.

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 associates Maksym Nazarenko, Olga Ivlyeva and Yulia Kuyda, was led by counsel Dmitry Taranyk and supervised by partner Vladimir Sayenko.

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