5 October 2011

Sayenko Kharenko – legal counsel on obtaining merger clearance for acquisition of the leading North American wiring harness manufacturer

Sayenko Kharenko antitrust team has provided legal assistance for PKC group of companies in merger clearance with the Antimonopoly Committee of Ukraine (the "AMC") for the acquisition of the business of AEES ("AEES"), one of the leading North American wiring harness manufacturers for heavy and medium duty trucks, by PKC Group Oyj ("PKC"), a company of the PKC group of companies.

The proposed concentration will give the opportunity for the PKC to diversify its products and service portfolio and to widen its geographical presence.

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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