05 October 2018, 11:50

Asters advises VR Capital Group

on acquisition of a 50% stake in 34.75 MW solar power plant project


Asters acted as a legal counsel to VR Capital Group on its acquisition of 50% of outstanding shares in PVK Energy Investments (Cyprus) from ICU, an independent asset management, private equity and investment advisory firm specialising in the emerging markets of Central and Eastern Europe. PVK Energy Investments is an owner of Solar Capital, which is building a 34.75 MW solar power plant in Kherson region.

Asters' team supported its client on all major aspects of the deal. In particular, Asters conducted legal due diligence of Solar Capital, participated in negotiation of transactional documentation and obtained a merger clearance from the Antimonopoly Committee of Ukraine.

Asters' project team included Partner Yaroslav Petrov, Counsel Anzhelika Livitska, Senior Associates Marta Halabala, Oleh Furmanchuk and Oleksandr Tselevych, Associates Diana Kondratieva, Olena Nikolenko and Olena Yasentiuk advising on corporate and regulatory aspects, and Counsel Tetiana Vovk and Associate Pavlo Verbolyuk advising on the antitrust aspects.

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