Asters has advised the EBRD on its up to USD 25 million financing to Ukraine's Novus, retail chain, which is owned by Lithuanian shareholders.
According to Asters, "the seven-year loan will be used to finance the expansion of Novus, which is aiming to open a new logistics center and ten new stores in Kyiv and the Kyiv region by the end of 2018. The project will also introduce energy and resource-efficiency improvements as well as climate-change mitigation and adaptation measures, in line with the EBRD's Green Economy Transition approach."
Also, according to Asters, the financing "is provided within the framework of the long-term EBRD and Novus partnership, on which matters Asters has been advising EBRD starting from 2013."
The Asters team consisted of Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associates Inna Bondarenko and Oleksandr Khomenko.
Image Source: retailers.ua
