Asters consults EBRD on Euro 13 million loan to Maisadour Semences Ukraine
Asters has acted as a legal counsel to European Bank for Reconstruction and Development (EBRD) in connection with the long term Euro 13 million loan provided to Maisadour Semences Ukraine ("MAS Ukraine") to finance a part of the construction of a green-field seed production plant in Ukraine.
Maisadour Semences Ukraine ("MAS Ukraine") is a subsidiary of Maisadour Semences S.A. ("MAS"). MAS is a French seed production company which is a subsidiary of Maïsadour Group (the "Sponsor") which owns 60%, and Syngenta Seeds which owns 40%. The Sponsor is a French cooperative operating in various agribusiness segments. Syngenta Seeds is a subsidiary of Syngenta, the Swiss agribusiness multinational focused mainly on crop protection and commercial seeds.
According to EBRD, MAS Ukraine will have the first modern seed production plant in Ukraine. It will work with the farmers to help them improve the quality and yield of their commercial seeds through agronomic assistance and training. The transaction will contribute to greater efficiency in the market as most of the commercial seeds used in Ukrainian agriculture are imported.
The legal support of the transaction was provided by Asters’ banking, finance law and securities team headed by partner Iryna Pokanay and associate Gabriel Aslanian.