Aequo Acts as a Counsel to EBRD in Connection with USD 20 million Loan to Astarta Group

Aequo has advised the European Bank for Reconstruction and Development (EBRD) on Ukrainian law matters related to its granting of a USD 20 million loan to Astarta Group, Ukraine’s leading agribusiness operator and sugar producer.

The proceeds of the loan will be utilized for modernization and improvement of energy efficiency of Astarta’s sugar processing plants. Implementation of this investment programme will help to reduce energy costs, as well as mitigate negative environmental impacts. The financing is provided within the framework of long-standing cooperation between EBRD and Astarta Group.

Aequo lawyers elaborated the transaction structure, assisted with drafting and execution of the financing documentation and issued the legal opinion in favor of EBRD.

Aequo project team included senior associates Yevgen Blok and Denys Kulgavyi, who worked under the general supervision of Yulia Kyrpa, partner and head of banking and finance practice group.

“The EBRD is the largest international financial investor in Ukraine. We are honored to be part of EBRD’s investment projects aimed at promoting an energy efficient economy and sustainable development of our country. Such initiatives help strengthening Ukraine’s energy security and improve competitiveness of local companies,” comments Yulia Kyrpa.