AVELLUM acted as the legal counsel to SM Invest
Construction B.V., a solar PV plants developer, on the sale of shares in the
holding company, which owns the underlying assets to develop a 148MW solar
power plant in Mykolaiv region. Scatec Solar, a leading and globally acting
solar energy producer, acted as the purchaser.

AVELLUM provided legal support to the client in
negotiating the transaction documents. We also advised the client on various
real estate and regulatory matters, which arose within the transaction.

AVELLUM’s partner Yuriy Nechayev commented on this
transaction: “We are honoured to guide our new client
through the complicated and challenging process of negotiating the transaction
documents in the M&A deal. This transaction shows that AVELLUM remains a
top choice for local players on the Ukrainian renewables market, who appreciate
our deep expertise in M&A, as well as our ability to find tailored legal
solutions for various real estate and regulatory issues.”

The AVELLUM team was led by partner Yuriy Nechayev
with support from associate Dmytro Symbiryov. Counsel Maksym Maksymenko and
associate Daryna Mykhailenko advised on real estate matters.