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Asters Advises EBRD on USD 50 Million Financing to Support Development of Agriculture Sector in Ukraine
Asters acted as a Ukrainian counsel to European Bank for Reconstruction and Development (EBRD) in connection with up to USD 50 million loan facility provided to NCH New Europe Property Fund L.P. for the financing of pre- and post-harvest working capital needs of farms majority owned in Ukraine.

NCH New Europe Property Fund L.P. is a property fund, which is fully invested in a mix of real estate assets and farming companies in Eastern Europe and the former Soviet Union. The fund owns, via its majority stakes in three Ukrainian joint ventures, 35 farms and elevator companies in Ukraine.

According to the EBRD's statement, the project is expected to enhance the competitiveness of the Ukrainian primary agriculture through significant improvements in the efficiency and productivity of operations of the fund's farms on the existing agricultural land and development of cultivation on previously fallow land, introduction of international expertise and modern farming technologies at the fund's farms, demonstration of efficiency and technological improvements in agriculture, knowledge transfer to employees and other farms, generation of above average yields, and the application of the Warehouse Receipts System (when operational) by the fund's farms.

Asters’ banking and finance team advising EBRD on the transaction included partner Iryna Pokanay and associate Yulia Spolitak.
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