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28 October 2010

Asters advised ING Bank N.V. on USD 50 million finance facility to Myronivsky Hliboproduct Group


Asters has acted as a Ukrainian law counsel to ING Bank N.V. in connection with a USD 50 million sunflower pre-export finance facility to Myronivsky Hliboproduct Group (MHP). MHP is one of the largest agro-industrial companies in Ukraine. The facility will be used for the purchase of sunflower seeds in the Ukrainian market and subsequent processing of the seeds into sunflower oil for the export.

Asters’ banking, finance law and securities team advising on the loan included a partner Iryna Pokanay and an associate Yulia Spolitak.

Commenting on the transaction, Iryna Pokanay noted: "We are pleased to have established a good working relations with ING and happy to continue assisting ING with the pre-export financing to Ukrainian agribusinesses. Agriculture is a priority sector in Ukraine and financing of this sector helps to develop the Ukrainian market and increase integration into the global markets. We advised ING in this transaction together with Dewey & LeBoeuf as an English law counsel".



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