Asters acts as a legal counsel to Uklon Group, one of the leaders in the Ukrainian online car rental and delivery market, in connection with obtaining merger clearance for its acquisition by Kyivstar, the largest telecommunications company in Ukraine.
The transaction, valued at USD 155.2 million for a 97% stake, will help the buyer strengthen its position as a digital company internationally, diversify its services and increase its investment attractiveness, while Uklon will expand its geographic footprint in Kazakhstan, Pakistan and Bangladesh.
Asters' team working on the project included Partners Igor Svechkar and Tetiana Tyshchenko, and Counsel Pavlo Verbolyuk. They advised on national antitrust law, drafted the necessary documents for the Antimonopoly Committee of Ukraine and represented the client in communication with the state authority.