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 120MW 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 associates Dmytro Symbiryov and Olga Tersina.

Counsel Maksym Maksymenko and associate Daryna Mykhailenko advised on real

estate matters.