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Asters advises financial institutions on PLN 1.5 billion (EUR 325 million) financing to Cersanit Group

Asters acted as a Ukrainian law counsel to a syndicate formed by financial institutions on a complex transaction involving financing up to PLN 1.5 billion (EUR 325 million) for Polish, Russian, Romanian, Ukrainian and German companies from Cersanit Group, a European leader in production and distribution of goods used in finishing and fitting out bathrooms. 

The syndicate included Bank Polska Kasa Opieki S.A. as the agent, the security agent and original lender and mBank S.A., ING Bank Śląski S.A., Santander Bank Polska S.A., BNP Paribas Bank Polska S.A., Powszechna Kasa Oszczędności Bank Polski S.A. as original lenders.

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

Global law firm Norton Rose Fulbright was a lead counsel on this transaction advising under Polish and German law, with Ionescu si Sava, SCA advising on Romanian law. Clifford Chance acted as a legal advisor to Grupa Cersanit.

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Asters is the largest law firm in Ukraine with offices in Kyiv, Washington D.C., Brussels and London. Chambers Europe 2021 recognizes 23 lawyers of Asters – the largest number of the renowned practitioners in a single Ukrainian law firm.

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