Asters advised IFC on USD 30 million financing to Astarta
Asters acted as a Ukrainian law counsel to the International Finance Corporation (IFC) in connection with a USD 30 million loan to Astarta, a leading agricultural producer in Ukraine.
IFC financial support will fund the company’s two-year investment program aimed at increasing the resource efficiency of its processing plants and the productivity of its farming operations. The funds will go to the modernization of the Company’s sugar plants leading to savings of gas, electricity, and water resources. The program also aims at equipping the Company’s farms with new tractors and modern, fuel-efficient machinery.
Asters’ banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.