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Avellum Advises BSTDB on Secured Loan to Prometey Group and Butsefal

Avellum Advises BSTDB on Secured Loan to Prometey Group and Butsefal

Ukraine
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Avellum has advised the Black Sea Trade and Development Bank on a long-term secured loan of up to USD 10 million to Butsefal LLC and Prometey Swiss SA.

The BSTDB is an international financial institution established by eleven countries in the Black Sea region. The Prometey Group has been operating on the grain market of Ukraine for more than 20 years, providing services for buying, storing, and processing grain and oilseeds, as well as ancillary logistics.

According to Avellum, “part of the loan proceeds were used for the acquisition of a new silo in the Mykolaiv region [of Ukraine] which has a total storage capacity of up to 62 thousand tonnes and is the first steel silo in the portfolio of the Prometey group. The remaining proceeds are intended for the acquisition of another silo and general replenishment of working capital. The provided loan will allow the Prometey group to strengthen its ranking position on the list of Ukrainian storage capacity leaders.”

Avellum’s team was led by Senior Partner Glib Bondar and included Counsel Maksym Maksymenko, Senior Associate Tetiana Mykhailenko, and Associates Anastasiia Zhebel, Daryna Mykhailenko, Dmytro Radzivon, and Mariana Veremchuk.

Ukraine Knowledge Partner

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.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

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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