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Asters Advises Etex Group on Acquisition of the Ukrainian subsidiaries of Lafarge SA
Asters, Kyiv, Ukraine
Friday, November 18, 2011
Asters acted as a Ukrainian legal counsel to Etex Group, a leading international producer of building materials and systems with headquarters in Belgium, in connection with its acquisition of ALC Lafarge Gips and LLC Lafarge Gips Ukraine, which are Ukrainian subsidiaries of Lafarge SA, a top-ranked French manufacturer of building materials, such as cement, concrete and gypsum. Asters' advice included a full-blown due diligence of the Ukrainian companies, structuring the transaction, drafting relevant documentation, and negotiation with the seller.
Acquisition of the Ukrainian companies is a part of the EUR 1 billion acquisition of Lafarge's European and South American gypsum and plasterboard business by Etex Group, the completion of which took place on 4th November 2011 after agreeing the transaction details and obtaining clearances from the relevant, including antitrust, authorities.
Asters' team worked on the project included associates Yevgen Porada, Yevgen Kravtsov and Iryna Scherbyna headed by senior partner Armen Khachaturyan.
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Asters is a full-service independent national law firm. With more than 15 years of experience the firm has one of the longest track records on the country's young legal market. Asters is among the most recommended law firms for Ukraine according to reputable international legal directories The Legal 500, PLC Which Lawyer?, Chambers Global, IFLR 1000, and Ukraine's legal market research publications. A list of the firm's clients includes major international corporations, such as Boeing, Coca-Cola, Marathon Oil, Miele, News Corp., New Line Cinema, Nissan Motor, Nokia Corporation, Philip Morris, Renault, Telenor ASA, Toshiba Corporation, and the world's leading financial institutions ABN AMRO, Barclays Capital, Citibank, Credit Suisse, Deutsche Bank, EBRD, IFC, ING Bank, JP Morgan Chase, Standard Bank, Swedbank and the World Bank.