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7 March 2012

Sayenko Kharenko – legal counsel on the sale of a major sunflower oil producer

Sayenko Kharenko acted as a Ukrainian legal counsel on the sale of JSC “Kolos” (Kharkiv region) to Glencore International Netherlands B.V. (Rotterdam, the Netherlands), a subsidiary of Glencore International AG (Baar, Switzerland). Sayenko Kharenko represented CISP Limited (Nicosia, Cyprus), a majority shareholder of JSC “Kolos”, and was involved in deal structuring, preparation of the transaction documents, including sale-purchase agreement and finance agreements. Sayenko Kharenko’s advice also included post-signing legal assistance.For several years Sayenko Kharenko agriculture industry team advises extensively on the most challenging and demanding projects involving major Ukrainian agro-industrial companies (Agroton, Allseeds, CHS, Creativ Group, Kernel, Mriya Agro Holding, Myronivsky Hliboproduct, Rise, Ukrros). Recently we advised on a number of M&A projects in the agricultural sector, including on the acquisition of 71% of Ukrros’ shares by Kernel and a shareholding in Allseeds by Kernel.JSC “Kolos” engages in the production of unrefined oils and fats, products of the milling industry and is one of leading producers of unrefined sunflower oil in Ukraine.Glencore International AG supplies metals, minerals, crude oil, refined products, coal and agricultural products to its customers in the automotive, metals, food, and energy sectors. Sayenko Kharenko team for this transaction was led by partner Vladimir Sayenko and included counsel Vitaly Kravchenko and associates Oleksandr Nikolaichyk, Ivan Komakha and Julia Voloshko.

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