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AEQUO Advises EBRD on USD 20,000,000 Secured Loan to Astarta Group

10/ 10/ 2018
  AEQUO acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with USD 20,000,000 secured loan granted to Ukrainian subsidiaries of Astarta Group, Ukraine’s leading agribusiness operator and sugar producer (“Astarta”). The proceeds from the loan will be utilized for Astarta working capital needs. Astarta is going to employ modern IT solutions necessary for the precision farming it is promoting in Ukraine. In the context of the project, Astarta will also offer a high quality, comprehensive training programme to high school graduates and students willing to work in the agribusiness sector in Ukraine. AEQUO lawyers assisted with the drafting and execution of the financing documentation, numerous security agreements and issued the legal opinion in favour of EBRD. Beyond the Ukrainian law, the project included English, Dutch and Cypriot law matters. The financing is provided within the framework of long-standing cooperation between EBRD and Astarta. AEQUO project team included senior associate Bohdan Dmukhovskyy and associate Glib Bukharin, who worked under supervision of Yulia Kyrpa, partner and head of banking & finance practice of the firm. We are delighted to assist EBRD with this interesting and large-scale transaction. We believe that the loan granted by EBRD will help Astarta to implement many positive developments to increase land productivity in an eco-friendly manner. This is the landmark project for the Ukrainian agribusiness and we are honoured to be a part of it, comments Yulia Kyrpa. About the firm AEQUO is an advanced industry-focused Ukrainian law firm made up of highly qualified, internationally recommended lawyers who work proactively to help their clients reach their business goals. Backed up by solid industry expertise and a thorough understanding of business we develop innovative strategies and provide efficient solutions to the most complex and challenging matters. AEQUO provides integrated legal support in areas such as antitrust and competition, banking and finance law, intellectual property, corporate and commercial law, mergers and acquisitions, taxation, litigation and international arbitration, and capital markets. The list of AEQUO’s representative clients includes leading Ukrainian and international companies and organizations, such as Agroprosperis, Apax Partners, Apollo, Bunge, DuPont, EBRD, European Commission, Google, Inditex Group, NCH Capital, Pioneer Hi-Bred International, Samsung Electronics, Sandvik, Synthon, Tetra Laval, Ukrainian Redevelopment Fund, UniCredit Group, Vodafone Ukraine etc. AEQUO has been named the Most Innovative Law Firm of the Year in Ukraine by IFLR Europe Awards 2018, Law Firm of the Year in Russia, Ukraine and the CIS by The Lawyer European Awards 2017 and one of the most innovative law firms in Europe according to the FT Innovative Lawyers 2015-2018. For additional information please contact Yuliya Chervonookaya Chervonookaya@aequo.ua, +380 44 490 91 00

AEQUO acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development (“EBRD”) in connection with USD 20,000,000 secured loan granted to Ukrainian subsidiaries of Astarta Group, Ukraine’s leading agribusiness operator and sugar producer (“Astarta”).

The proceeds from the loan will be utilized for Astarta working capital needs. Astarta is going to employ modern IT solutions necessary for the precision farming it is promoting in Ukraine. In the context of the project, Astarta will also offer a high quality, comprehensive training programme to high school graduates and students willing to work in the agribusiness sector in Ukraine.

AEQUO lawyers assisted with the drafting and execution of the financing documentation, numerous security agreements and issued the legal opinion in favour of EBRD. Beyond the Ukrainian law, the project included English, Dutch and Cypriot law matters.

The financing is provided within the framework of long-standing cooperation between EBRD and Astarta.

AEQUO project team included senior associate Bohdan Dmukhovskyy and associate Glib Bukharin, who worked under supervision of Yulia Kyrpa, partner and head of banking & finance practice of the firm.

“We are delighted to assist EBRD with this interesting and large-scale transaction. We believe that the loan granted by EBRD will help Astarta to implement many positive developments to increase land productivity in an eco-friendly manner. This is the landmark project for the Ukrainian agribusiness and we are honoured to be a part of it”, comments Yulia Kyrpa.

About the firm

AEQUO is an advanced industry-focused Ukrainian law firm made up of highly qualified, internationally recommended lawyers who work proactively to help their clients reach their business goals. Backed up by solid industry expertise and a thorough understanding of business we develop innovative strategies and provide efficient solutions to the most complex and challenging matters.

AEQUO provides integrated legal support in areas such as antitrust and competition, banking and finance law, intellectual property, corporate and commercial law, mergers and acquisitions, taxation, litigation and international arbitration, and capital markets.

The list of AEQUO’s representative clients includes leading Ukrainian and international companies and organizations, such as Agroprosperis, Apax Partners, Apollo, Bunge, DuPont, EBRD, European Commission, Google, Inditex Group, NCH Capital, Pioneer Hi-Bred International, Samsung Electronics, Sandvik, Synthon, Tetra Laval, Ukrainian Redevelopment Fund, UniCredit Group, Vodafone Ukraine etc.

AEQUO has been named the Most Innovative Law Firm of the Year in Ukraine by IFLR Europe Awards 2018, Law Firm of the Year in Russia, Ukraine and the CIS by The Lawyer European Awards 2017 and one of the most innovative law firms in Europe according to the FT Innovative Lawyers 2015-2018.

For additional information please contact Yuliya Chervonookaya

Chervonookaya@aequo.ua, +380 44 490 91 00

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