AVELLUM Advises Seller on Sale of Karavan Hypermarket Chain to Auchan Group
Avellum, Kyiv, Ukraine,
Wed, July, 5, 2017
AVELLUM acted as a legal advisor to the seller regarding the sale of Karavan Hypermarket chain to Auchan Group.
AVELLUM provided the seller with legal support in preparation, negotiation and signing of the transactional documents.
The transaction was subject to obtaining a merger control clearance of the Antimonopoly Committee of Ukraine.
Auchan Group operates 11 hypermarkets in five cities - Kyiv, Lviv, Odesa, Zaporizhzhia and Kryvyi Rih. In addition, it is engaged in e-сommerce in Kyiv and the region. In Ukraine, Auchan Group employs over 3,600 people.
Karavan Hypermarket chain operates 9 stores with total area of over 58,000 sq.m., located in Kyiv, Kharkiv, Dnipro, Chernivtsi and Zhytomyr. It employs approximately 3,300 employees.
The AVELLUM’s team involved in this transaction was led by counsel Yuriy Nechayev, with support from associates Yuriy Zaremba, Dmytro Tkachuk and Ilhar Hakhramanov, under the general supervision of the managing partner Mykola Stetsenko.