logo-image
Asters advises International Finance Corporation on USD 20 million financing to Nyva

Asters acted as a Ukrainian law counsel to International Finance Corporation (IFC), a member of the World Bank Group, in connection with up to USD 20 million loan to Nyva Pereyaslavshchyny, a leading Ukrainian pork producer. 

IFC is providing a long-term loan to finance Nyva's working capital in an effort to limit potential input supply chain disruptions in meat production due to the COVID-19 pandemic, thereby supporting domestic food security. Nyva Pereyaslavshchyny is an IFC client since 2015. Apart from this transaction, Asters also provided legal support to the IFC in connection with its second investment in Nyva in 2018.

The project is core to IFC’s strategy aiming to unleash the potential of Ukraine’s agribusiness sector and enable the country to play a more significant role in food security. Since 2004, IFC has committed over $3.3 billion in long-term financing in Ukraine across a diversified portfolio of projects and implemented a wide-ranging advisory program.

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

***

IFC – a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. IFC works in more than 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2019, IFC invested more than $19 billion in private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.

Asters is the largest law firm in Ukraine with offices in Kyiv, Washington D.C., Brussels and London. Chambers Europe 2020 recognizes 21 lawyers of Asters – the largest number of the renowned practitioners in a single Ukrainian law firm.

Subscribe
Thank you for your application
This site uses cookies to offer you better browsing experience.
READ MORE