Aequo has acted as Ukrainian legal counsel to the EBRD in connection with a USD 20 million secured loan granted to Ukrainian subsidiaries of the Astarta Group, Ukraine’s leading agribusiness operator and sugar producer.
The proceeds from the loan will be utilized for Astarta's working capital needs. According to Aequo, "Astarta is going to employ modern IT solutions necessary for the precision farming it is promoting in Ukraine. In the context of the project, Astarta will also offer a high quality, comprehensive training program to high school graduates and students willing to work in the agribusiness sector in Ukraine."
In addition to Aequo, the project included English, Dutch and Cypriot law matters.
The financing is provided within the framework of long-standing cooperation between EBRD and Astarta, which included previous loans in 2016 as reported by CEE Legal Matters on August 23, 2016 and earlier this year as reported on January 25, 2018, both of which Aequo also worked on.
Aequo's team consisted of Senior Associate Bohdan Dmukhovskyy and Associate Glib Bukharin, supervised by Partner Yulia Kyrpa.