Vasil Kisil & Partners Advises Ramburs Group on Completion of Squeeze-Out Procedure in Brovarskyi Poultry Breeding Farm PJSC within a Record Time
10/06/2019
In June 2019, Vasil Kisil & Partners advised Ramburs Group on completion of the buy-out of minority shareholders’ shares in Brovarskyi Poultry Breeding Farm PJSC. The official procedure started in late May. Working in concert, the legal adviser and the Ramburs team succeeded in submitting a buy-out demand to minority shareholders before June 4, 2019, thus taking advantage of a simplified procedure. Consequently, the shares have been credited to the offeror’s account within less than a month since the beginning of the buy-out procedure.
Vasil Kisil & Partners’ lawyers provided legal support throughout the buy-out procedure and, in particular, developed a detailed plan for coordinating the actions of all participants of the buy-out procedure, drafted necessary documents, and assisted in all actions prescribed by law.
“The key challenge in this project was time. After the Client gave the green light to move forward, a week remained for submitting a public irrevocable demand under a simplified procedure, which applied until June 4. We understood that any, even small, delay might frustrate the project. Thanks to the experience of our lawyers and the efficient cooperation of the Client’s team, we took all necessary actions on time and the shares were paid up and transferred to the purchaser in less than a month since the project had started. This was the fastest squeeze-out in our practice," said Volodymyr Igonin, Partner, Head of Corporate / M&A at Vasil Kisil & Partners.
The project, led by Partner Volodymyr Igonin, was carried out by Associates Taisiia Asadchykh and Artem Shmatov.
Ramburs Group was set up in 1995. Nowadays, it is an independent agro-industrial company with a head office in Kyiv, Ukraine. Brovarskyi Poultry Breeding Farm PJSC, which is a member of the Group, specializes in the production of turkey meat. Additionally, Ramburs Group is focused on exporting grain crops from the Black Sea ports to the Middle East & North Africa markets.
Vasil Kisil & Partners’ lawyers provided legal support throughout the buy-out procedure and, in particular, developed a detailed plan for coordinating the actions of all participants of the buy-out procedure, drafted necessary documents, and assisted in all actions prescribed by law.
“The key challenge in this project was time. After the Client gave the green light to move forward, a week remained for submitting a public irrevocable demand under a simplified procedure, which applied until June 4. We understood that any, even small, delay might frustrate the project. Thanks to the experience of our lawyers and the efficient cooperation of the Client’s team, we took all necessary actions on time and the shares were paid up and transferred to the purchaser in less than a month since the project had started. This was the fastest squeeze-out in our practice," said Volodymyr Igonin, Partner, Head of Corporate / M&A at Vasil Kisil & Partners.
The project, led by Partner Volodymyr Igonin, was carried out by Associates Taisiia Asadchykh and Artem Shmatov.
Ramburs Group was set up in 1995. Nowadays, it is an independent agro-industrial company with a head office in Kyiv, Ukraine. Brovarskyi Poultry Breeding Farm PJSC, which is a member of the Group, specializes in the production of turkey meat. Additionally, Ramburs Group is focused on exporting grain crops from the Black Sea ports to the Middle East & North Africa markets.