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ASTERS ADVISES EBRD ON PROVIDING LOAN TO LANTMANNEN AXA
Asters, Kyiv, Ukraine,
May 28, Thu, 2020
Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with its financing to Lantmannen Axa, a leading producer of breakfast cereals in Ukraine that is owned by Sweden’s largest agribusiness cooperative, Lantmannen.
The EBRD funds will secure the company’s financial stability, allowing Lantmannen Axa to implement an investment programme to diversify its product range, which currently includes muesli, granola and cereal bars, to introduce energy efficiency measures and eventually to expand production. Technical assistance within this project is provided by the Japan-EBRD Cooperation Fund.
Asters’ banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associates Inna Bondarenko and Viktoria Zagreba.
The European Bank for Reconstruction and Development (EBRD) is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the Bank has made a cumulative commitment of more than €15 billion through 466 projects in Ukraine.
Asters is the largest law firm in Ukraine with offices in Kyiv, Washington D.C., Brussels and London. Chambers Europe 2020 recognizes 21 lawyers of Asters – the largest number of the renowned practitioners in a single Ukrainian law firm.