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3 July 2009

Asters Advises Mitsubishi Chemical Holdings Corporation on Expansion of its Business Interests in Europe


Asters provided legal advice to Mitsubishi Chemical Holdings Corporation (Tokyo, Japan), the world leader in the wholesale manufacture of chemicals products, on Ukrainian merger control law issues, including obtaining merger clearance from the Antimonopoly Committee of Ukraine (AMC) in connection with the indirect acquisition of a controlling interest in the shares of Quadrant AG (Lenzburg, Switzerland), a leading world manufacturer of plastics.

The group of companies, which is controlled by Mitsubishi Chemical Holdings Corporation, is a world leader in the manufacture and sale of a wide variety of products which are based on a broad range of chemical-related technologies and which are used in such fields as electronics, construction, agriculture, healthcare and pharmaceuticals, chemicals, etc. The activity of Quadrant AG and the companies it controls is focused on the development, production and sale of plastics in the form of semi-finished or finished goods.

According to the top management of Mitsubishi Chemical Holdings Corporation, the acquisition of Quadrant AG will allow the company to develop an effective strategy and to implement a flexible management structure, as well as to improve its competitiveness by sharing best practices and expanding to new geographical markets.

The filing with the AMC was handled by associates Tetiana Buchko and Maryna Kovalko under the supervision of partner Igor Svechkar.


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