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.