Asters has acted as legal counsel to the International Finance Corporation (IFC), a member of the World Bank Group, in connection with USD 15 million financing provided to fuel supplier Nadezhda Group, part of efforts to spur economic growth in Ukraine by making energy supplies more widely available.
The investment will help Nadezhda, which distributes transportation fuels and specializes in relatively clean-burning liquefied petroleum gas (LPG), to expand and modernize its network of over 50 stations.
IFC is a leading international investor in Ukraine’s private sector and this project is part of wider efforts to boost growth in the country. Since 2004, IFC has invested over USD 2.2 billion in long-term investment in Ukraine while spearheading an active advisory services program.
The Asters banking and finance team advising on the project consisted of Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associate Inna Bondarenko.
