NEWS (July 13, 2010)

Vasil Kisil & Partners advised Leroy Merlin on acquisition of DIY development project

On 8 July 2010 GROUPE ADEO (France), a leading international operator of DIY construction materials stores and Leroy Merlin Ukraine LLC acquired Solteks-Group LLC holding lease rights to ca. 4 ha land plot Kiev. 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.

Vasil Kisil & Partners advised 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 Alexander Borodkin, counsellor, and Victoriya Balyuk, associate, acting under the supervision of firm’s a partner Oleg Alyoshin.

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