Ukrnafta Gains Merger Clearance for Shell Transaction
Deal News | Feb 04, 2025 | CEE Legal Matters
Ukrnafta, a Ukrainian oil producer, has received unconditional merger clearance for its acquisition of Shell's network of petrol stations in Ukraine. The transaction has been approved by Ukrnafta's Supervisory Board, aligning with the company's strategy to expand its petrol station network and market share. Avellum, a firm that facilitated the deal, fielded a team including Partner Mykyta Nota, Counsel Anton Arkhypov, and Associates Veronika Humeniuk and Yuliia Bulenok to secure regulatory approval. This merger allows Ukrnafta to augment its reach in the energy sector by leveraging Shell's established presence in Ukraine, thereby strengthening its position in the market.
Sectors
- Energy
- Legal Services
Geography
- Ukraine – Ukrnafta is based in Ukraine, and Shell's petrol station network is pivotal to the transaction within the Ukrainian market.
Industry
- Energy – Ukrnafta is a leading oil producer and Shell is a global energy company, both are key players within the energy sector.
- Legal Services – Avellum provided essential legal advisory services to secure the merger clearance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ukrnafta | Target Company | Company | A Ukrainian oil producer looking to expand its network and market presence. |
| Shell | Selling Company | Company | An international energy company divesting its petrol station network in Ukraine. |
| Avellum | Legal Advisor | Company | A law firm securing the merger clearance for Ukrnafta's transaction. |
| Serhii Koretskyi | CEO | Person | CEO of Ukrnafta who stated the strategic importance of the acquisition. |