SYTNYK & PARTNERS, Attorneys at Law, advised ThyssenKrupp and Ansteel Groups in obtaining a merger and antitrust clearances from the Antimonopoly Committee of Ukraine in connection with:

• the acquisition by TKAS Auto Steel Company Limited, the company jointly controlled by ThyssenKrupp and Ansteel Groups, of joint control together with Guangzhou Automobile Group Business Co. Ltd. and Angang Steel Co., Ltd. over Angang Guangzhou Auto Steel Co., Ltd.;
• the acquisition by Guangzhou Automobile Group Business Co. Ltd. of equity interest in Angang Guangzhou Auto Steel Co., Ltd. that confers upon the purchaser more than 25% of the voting rights in the highest management body of the company;
• the concerted actions of Angang Steel Co., Ltd., Angang Guangzhou Auto Steel Co., Ltd., Guangzhou Automobile Group Business Co. Ltd. and TKAS Auto Steel Company Limited in the form of performance of clause 6.04 of the Shareholder Agreement signed on 5 February 2016 by the companies on non-competition and non-solicitation.

The team advising in this project was led by Managing Partner Denys Sytnyk and consisted of Senior Associate Liudmyla Gorodnycha and Associate Anna Synytsya.

TKAS Auto Steel Company Limited is jointly controlled by ThyssenKrupp and Ansteel Groups and is active in the coating of flat steel products in China, especially by hot-dip galvanization. Its steel products primarily target the automotive industry but they can also be used in a variety of other segments (e.g. construction, home appliances etc.).

ThyssenKrupp Group is a diversified industrial group based in Duisburg and Essen, Germany, with traditional strengths in materials and a growing share of capital goods and services businesses.

Angang Steel Co., Ltd. and Angang Guangzhou Auto Steel Co., Ltd. belong to Ansteel Group. Ansteel Group is mostly active in steel production. Moreover, Ansteel Group has developed six non-steel relevant industrial sectors, as engineering technical service, coal chemical industry, finance capital operation, international trade, information industry and comprehensive industry, which achieve a cooperative development with the major steel business.

Guangzhou Automobile Group Business Co. Ltd. belongs to GAC Group. GAC Group is active in research and development, manufacturing, sales and after-sales services of passenger vehicles, commercial vehicles, motorcycles, and auto parts, the import and export of automobile-related products, automobile leasing, used vehicles, logistics services, disassembling, renewable resources, automobile credit, finance leasing, commercial factoring, insurance, insurance brokerage services and equity interest investment.

SYTNYK & PARTNERS, Attorneys at Law, provide their international and local clients with professional, genuine and accurate legal services, including advice in competition, corporate, M&A, banking & finance, cm, real estate & construction, compliance & white collar crime, dispute resolution, regulatory, employment, insolvency & restructuring, insurance, IP, IT & life sciences.