GROUPE ADEO (FRANCE) AND LEROY MERLIN UKRAINE ADVISED ON ACQUISITION OF DIY STORE DEVELOPMENT PROJECT IN KYIV BY VASIL KISIL & PARTNERS

Vasil Kisil & Partners, Kyiv, Ukraine, Tues, July 13, 2010

KYIV - On 08 July 2010 GROUPE ADEO (France), a leading international operator of DIY construction materials stores and Leroy Merlin Ukraine LLC, a fully owned Ukrainian subsidiary of GROUPE ADEO acquired Solteks-Group LLC holding lease rights to ca. 4 ha land plot in Desnianskyi district of Kyiv.

The transaction was structured by means of acquiring shares in Solteks-Group LLC and was split into several stages, each followed by a financial closing. The transfer of shares in Solteks-Group LLC was a logical consequence of fulfilling a number of agreements between the investor and local developer, and at the same time opened a series of new project-related agreements, including project management and others.

Vasil Kisil & Partners act as legal advisors on the project and advise Leroy Merlin and GROUPE ADEO on all matters, including comprehensive due diligence of the target, structuring the transaction, drafting the agreements, securing the payments, merger clearance, conducting negotiations in order to advance the transaction, and advising on various corporate, land, real estate, investment and compliance matters and regulatory procedures, etc.

The project is supported by the real estate and construction practice of Vasil Kisil & Partners, namely Alexander Borodkin, counsellor, and Victoriya Balyuk, associate, acting under the supervision of firm’s a partner Oleg Alyoshin.

CONTACT: VASIL KISIL & PARTNERS, 17/52A Bogdana Khmelnytskogo St., Kyiv 01030 Ukraine, Tel. +38 044 581 7777; Fax +38 044 581 7770;
LINK: http://www.kisilandpartners.com

NOTE: Vasil Kisil & Partners is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.