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24 April 2008

Asters Advises Société Générale and ING Bank N.V. on Three Syndications to the Subsidiary of Industrial Union of Donbas Totalling up to EUR 106 Million


Asters acted as Ukrainian legal counsel to Société Générale and ING Bank N.V., the mandated lead arrangers and original lenders of three syndicated loan facilities for a total value of EUR 106 million provided to Alchevsk Iron & Steel Works ("AISW"), a subsidiary of Industrial Union of Donbas (IUD).

The attracted funding will be used for the purpose of financing of supplies of blast furnaces and engineering equipment under commercial contracts between AISW and MAN Turbo AG, Siemens AG and Corus Danieli in order to improve the operations and competitiveness of AISW.

Asters’ banking and finance team advising on the transaction was led by partners Armen Khachaturyan and Iryna Pokanay and included associate Gabriel Aslanian.


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