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Redcliffe Partners and Linklaters Advise EBRD on Loan to Kernel for Biomass Plants Construction

Redcliffe Partners and Linklaters Advise EBRD on Loan to Kernel for Biomass Plants Construction

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Redcliffe Partners and Linklaters have advised the EBRD on a USD 56 million term-secured loan, including a USD 8 million tranche funded by the Clean Technology Fund, made to four Ukrainian members of the Kernel Group, the producer and exporter of sunflower oil in Ukraine and a supplier of agricultural products from the Black Sea region to world markets. Allen & Overy and Lenz & Staehlin reportedly advised the Kernel Group on the deal.

The loan will be used to finance the construction of four biomass plants with an aggregate capacity of 47MW at the existing Ukrainian production facilities of the borrowers to use sunflower husk, a biomass residue produced in the crushing process, as biofuel to generate electricity.

The Redcliffe Partners team included Managing Partner Olexiy Soshenko, Senior Associate Evgeniy Vazhynskiy, and Junior Associate Eduard Olentsevych.

The Linklaters team included Counsel Adrian Horne and Associate Piotr Hurkala.

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AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

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AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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