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ASTERS ADVISES EBRD ON UP TO EUR 10 MILLION FINANCING TO KORMOTECH
Asters, Kyiv, Ukraine,
Fri, Dec 20, 2019
Asters acts as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with its up to EUR 10 million financing to Kormotech Group. Kormotech is one of the top three market players in the Ukrainian pet food market and the first and largest Ukrainian producer of high-quality pet food for cats and dogs. The company exports its production to over 25 countries.
The funds are a part of a wider investment programme, which includes the construction of a new production facility in Lithuania and the expansion of the Group’s activities in Ukraine. Legal due diligence for the project is partially funded by the Japan-EBRD Technical 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 €14.5 billion through 450 projects in Ukraine.
Asters is the largest law firm in Ukraine with offices in Kyiv, Washington D.C., Brussels and London. Chambers Europe 2019 recognizes 19 lawyers of Asters – the largest number of the renowned practitioners in a single Ukrainian law firm.