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Dentons Advises BSTDB on Construction Financing of Hayat Kimya Group’s Factory in Russia

Dentons Advises BSTDB on Construction Financing of Hayat Kimya Group’s Factory in Russia

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The Moscow and Istanbul offices of Dentons have advised the Black Sea Trade and Development Bank on its provision of a seven-year EUR 75 million loan to the Hayat Kimya Group for the construction of a new hygienic tissue and paper towel factory in Kaluga, Russia.

According to Dentons, the total value of the construction project is EUR 134.5 million and, upon completion, the project will constitute the group’s third production facility in Russia. 

The BSTDB is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. 

Hayat Kimya is a producer of detergent, hygiene, and tissue products. 

The Dentons team included Moscow-based Partner Timothy Stubbs, Counsel Dennis Montgomery, and Associate Arsen Safaryan, and Istanbul-based Partners Tamsyn Mileham and Burcu Boso and Associate Canberk Varis.

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Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys, providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

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Firm's website: www.epam.ru

 

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