DLA Piper has advised Georgian Industrial Group, acting through its special purpose vehicle, Luraq Investments Limited , on the acquisition of a 29.29% stake in the Ukrainian insulin producer, JSC “Indar”. The stake was previously held by Bioton S.A, a Polish biotechnological company.

Georgian Industrial Group is the largest industrial group in Georgia, with a diversified business portfolio, including coal mining, electricity generation, natural gas, retail, automotive, media, real estate and others.

The DLA Piper team provided full legal support throughout the transaction, from pre-acquisition matters, to closing, including legal due diligence, drafting and negotiation of all transactional documents, obtaining clearance from the Antimonopoly Committee of Ukraine, tax advice, as well as closing support.

The transaction team was led by legal director Alla Kozachenko, and included partner Galyna Zagorodniuk, (Corporate, Kiev) and legal director Illya Sverdlov (Tax, Kiev). The team was supervised by Country Managing Partner, Margarita Karpenko (Corporate, Kiev).

Alla Kozachenko, DLA Piper Corporate legal director who led on the transaction, said: “We are delighted to have assisted Georgian Industrial Group with this transaction and are happy to see that the Ukrainian market remains attractive for foreign investors."