Asters has acted as local transaction counsel to the International Finance Corporation (IFC) in connection with a USD 25 million working capital loan to Astarta, one of the largest agricultural producers in Ukraine.
According to Astarta, “this investment will help Astarta to purchase crops from local farmers during the harvest season, when the availability of crops is at a peak and the prices are normally the lowest, thus allowing Astarta to achieve sustainable supply of raw materials for processing and limit its margin volatility."
Asters' banking and finance team advising on the project consisted of Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associate Inna Bondarenko. The same team advised the IFC on a 2015 loan to Astarta as well (as reported by CEE Legal Matters on November 16, 2015).
