News date: 21 April 2026
Ilyashev & Partners Law Firm has acted as a legal advisor to the Ukrainian enterprise Technological Synthesis Ltd on the privatization of the unified property complex (UPC) of the State Enterprise “Ukrainian State Research Institute of Special Steels, Alloys and Ferroalloys”.
SE Ukrniispetsstal is a leading research institution in Ukraine specializing in the development of new steel grades, alloys, and production technologies. It serves as a strategically important facility for scientific research in the metallurgical industry.
Located in Zaporizhzhia, SE Ukrniispetsstal operates a pilot plant with a full metallurgical cycle, including smelting, forging, rolling, heat treatment, and powder production. The implementation of this project will allow the investor to consolidate production and scientific capacities within the metallurgy sector.
Technological Synthesis Ltd was declared the winner of the bidding process following an electronic auction and the subsequent signing of a sale and purchase agreement with the Regional Office of the State Property Fund of Ukraine. The privatization unit included real estate, equipment, trademarks, and other assets of the institute.
A key stage in closing the deal and transferring title to the assets was ensuring the transaction’s compliance with laws on the protection of economic competition. Ilyashev & Partners’ Antitrust and Competition Practice team performed a detailed analysis of the financial thresholds of the concentration participants and handled the preparation of the application to the Antimonopoly Committee of Ukraine (AMCU).
Based on the review of the case, the AMCU issued the preliminary conclusions confirming that the acquisition of SE Ukrniispetsstal’s assets does not require a merger clearance. AMCU’s conclusions allowed the parties to sign the transfer and acceptance act and finalize the transfer of ownership rights.
The project was led by Oleksandr Fefelov, Partner, Head of Antitrust and Competition Practice at Ilyashev & Partners, together with Alina Borovets, Attorney.