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Avellum Advises ING Bank on Pre-Export Loan to Myronivsky Hliboproduct Group

Avellum Advises ING Bank on Pre-Export Loan to Myronivsky Hliboproduct Group

Ukraine
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Avellum has advised ING Bank N.V. on Ukrainian matters related to USD 100 million secured pre-export revolving loan facility it and Credit Agricole Corporate and Investment Bank provided to Myronivsky Hliboproduct Group. ING Bank N.V. was also advised by Norton Rose Fulbright on English law, Arendt & Medernach on Luxembourg law, Montanios & Montanios on Cyprus law, and Harneys on BVI law.

Avellum describes Myronivsky Hliboproduct Group as "one of the leading agro-industrial companies in Ukraine, focusing on the production of poultry and the cultivation of grain," and reports that "the loan proceeds were used for the purchase of sunflower seeds in the Ukrainian market for processing into sunflower meal consumed by MHP for production of fodder and oil for further export."

The Avellum team was led by Partner Glib Bondar, with support from Senior Associate Taras Dmukhovskyy, and Associates Taras Stadniichuk, Pavlo Shevchenko, and Orest Franchuk.