Ilyashev & Partners Law Firm has acted as legal counsel to a mining company on a transaction involving the acquisition of an iron ore mine located in the Dnipropetrovsk Region from a leading international steel manufacturer.
Under the terms of the deal, the investor intends to acquire a 100% stake in the target company’s share capital. The transaction assets under the sale and purchase agreement will include subsoil use rights under a special permit for the extraction of high-grade iron ores for ferrous metallurgy, as well as a part of the mine’s asset complex. The implementation of this project will allow the company to consolidate its production capacities and significantly expand its operations in the strategically important mining industry of Ukraine.
A critical milestone in preparing the transaction was obtaining preliminary conclusions (non-objection guidance) from the Antimonopoly Committee of Ukraine (AMCU) regarding merger control clearance requirements. Ilyashev & Partners’ Antitrust and Competition Practice team conducted a comprehensive review of the transaction parties’ materials, prepared the relevant application to the AMCU, and supported its review process.
Following its review, the AMCU issued preliminary conclusions confirming that the notified transaction does not require merger control clearance. Obtaining these conclusions will expedite the successful closing of the deal and the transfer of corporate rights.
The project was led by Oleksandr Fefelov, Partner, Head of Antitrust and Competition Practice at Ilyashev & Partners.