Asters has advised the EBRD on a EUR 15 million secured loan to Ukraine’s Zelena Dolyna agricultural complex. Bird & Bird reportedly advised the EBRD on English law-related matters.
According to the firm, "the EBRD loan will be directed at constructing a modern EU-compliant cattle farm, purchasing agri-machinery, as well as expanding the landbank and the existing grain silo capacity. This will help to improve the production efficiency of the agricultural group and enhance its competitiveness in the region."
The Zelena Dolyna Group includes agricultural companies in Ukraine. Agricultural complex Zelena Dolyna is a diversified company, operating in five regions in Ukraine since 2004.
Since the start of its operations in Ukraine in 1993, the EBRD has provided more than EUR 15.5 billion in funding to 507 projects in the country.
Asters previously advised the EBRD on providing loans to Enzym (as reported by CEE Legal Matters on December 11, 2020), Kormotech (as reported by CEE Legal Matters on November 19, 2020), Galnaftogaz (as reported by CEE Legal Matters on August 31, 2020), the Grain Alliance Group (as reported by CEE Legal Matters on July 8, 2020), and others.
The Asters team consisted of Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associate Viktoria Zagreba.