AEQUO advises Novus Ukraine on the acquisition of Billa supermarket chain in Ukraine. The deal is structured as the acquisition of a 100% stake in Billa Ukraine by UAB Consul Trade House (the shareholder of Novus Ukraine). The deal is subject to approval by the Antimonopoly Committee of Ukraine.
Novus has been developing a retail chain in Ukraine since 2009. As of now Novus is represented in Ukraine by a network of 46 stores. The total area of the shopping malls of Novus Ukraine exceeds 220 thousand square meters.
The Austrian chain Billa, part of REWE Group, has 35 stores in Ukraine, located in Kyiv, Kyiv region and Zhytomyr.
Anna Babych, AEQUO’s partner, comments: “We are very pleased to have the opportunity to work on this landmark transaction in the Ukrainian food retail market. We are sure that this is a new stage in our client's success story and will help the client to implement its plans to develop the retail chain in Ukraine”.
The project team is led by partners Anna Babych and Sergey Denisenko, and included counsels Oksana Krasnokutskaya and Michael Lukashenko, senior associates Mykhaylo Soroka and Yevgen Blok, associates Mariia Derechina, Anna Konovalova, Oleksandr Zubrytskyi, Yevheniia Chernetsova and Anna Yarega.