Asters advised Sintal Agriculture, a large agro-industrial holding in Ukraine, on acquisition of 100% of the shares in Agrica agricultural company from Icon Private Equity, a direct investment fund. Asters, jointly with Visum Capital Investment Company, acted as a legal counsel to Sintal Agriculture.
The legal support of the transaction comprised legal due diligence of Agrica Group of companies, structuring the transaction, drafting relevant documentation, and negotiations with the seller.
As a result of the transaction, Sintal Agriculture has increased its land bank by 50%, up to 150,000 hectares. Such acquisition will enable Sintal Agriculture to become one of the largest agricultural companies in Ukraine, increase the efficiency of machinery and technologies use, lower company's operational costs, including product cost. At the same time Sintal Agriculture will better its competitive capacity in agrarian sector and raise product's position on the domestic and foreign markets.
Asters team working on this project included partner Vadym Samoilenko, associates Oles Kvyat and Oleksandr Mozheiko.