Asters advised EBRD on USD 15 million financing to Modern-Expo Group

Asters acted as a legal counsel to the European Bank for Reconstruction and Development (EBRD) in connection with its USD 15 million financing to Modern-Expo Group, one of the largest manufacturers and suppliers of fixtures and equipment for retail stores and warehouses in Central and Eastern Europe.

A seven-year loan will be used to increase production volumes at the two principal manufacturing sites in Lutsk (Ukraine) and in Vitebsk (Belarus). The company will also be able to restructure its balance sheet.

Asters’ banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.