Asters has acted as a local counsel to VTG Aktiengesellschaft on formation of European rail logistics joint venture with international logistics prvovider Kuhne + Nagel in Ukraine. Effective 1 January 2014 the two companies combined their rail logistics activities as pan-European VTG Rail Logistics GmbH. VTG Aktiengesellschaft holds a majority stake in the joint venture conducting operations in 12 countries from North Europe to the Bosporus and from West Europe to Russia.
VTG Aktiengesellschaft is one of Europe's leading wagon hire and rail logistics companies with the wagon fleet of some 52,700 wagons. With the combination of its three interlinked divisions Railcar, Rail Logistics and Tank Container Logistics, VTG has many years of experience and specific expertise, in particular in the transport of liquid and sensitive goods and numerous clients from chemical, petroleum, automotive, paper and agricultural industries.
Asters' team working on the project was led by senior partner Armen Khachaturyan and included senior associate Yevgen Kravtsov and associate Oleh Furmanchuk.