Vasil Kisil & Partners acts as legal counsel to LNZ Group on its transaction to purchase Sumy cluster of AgroGeneration agribusiness
LNZ Group has closed its transaction to purchase 100% participatory interests in Agrozem LLC and APK Agrozem LLC, two Ukrainian companies controlled by AgroGeneration and holding together about 9 thousand hectares of lands in Sumy Region.
Vasil Kisil & Partners has assisted the parties to structure the transaction and agree upon its terms, drafted the agreement for transfer of the business, including security agreements, and obtained merger clearance from the Antimonopoly Committee of Ukraine and supported the closing of the transaction.
The Vasil Kisil & Partners' project team included Volodymyr Igonin, Partner, Corporate, M&A, and Agribusiness, Anna Sisetska, Partner, Antitrust & Competition, and associates Taisiia Asadchykh, Artem Shmatov and Yevhenii Senchenko.
Volodymyr Igonin, who headed the Vasil Kisil & Partners' team, noted, "A lengthy negotiation between the parties preceded the successful completion of this transaction. We are happy that we have managed to offer such a legal structure that satisfied both parties. It is the parties' partner attitude and involvement of the teams that enabled transferring control over the business in a timely manner and without any detriment to the technological processes."
LNZ Group is a modern diversified agroindustrial company specializing in the trade of sowing materials and plant protection products, grain and technical crops, animal husbandry and grain trader activities. The Company includes 33 agricultural companies, as well as a specialized corn plant, a multifunctional plant for the production of wheat seeds, barley, peas, soybeans, sunflower, flax, spellet, 2 elevators in Cherkasy and Sumy regions, 5 logistic centers and its own customs. Due to this transaction, LNZ Group has increased its land bank up to 80 thousand hectares of land in Ukraine and is now rated among the top 12 domestic agroindustrial companies.