Sayenko Kharenko has advised the EBRD on its up-to-USD 60 million secured loan to the Fozzy Group.
According to Sayenko Kharenko, "the funds will facilitate the opening or renovation of 41 Silpo supermarkets and stores as well as 29 Fora convenience stores. Fozzy Group will also launch the first 'green' supermarket in Ukraine. The loan will be available for disbursement in USD, EUR, or UAH, which will allow the Fozzy Group to control its currency exchange-related risks. The Fozzy Group is a Ukraine-based industrial group and a multi-format retailer (brands such as Silpo, Fora, Fozzy C&C, and Thrash), with over 560 outlets around the country. The group’s businesses also include food production, banking, and restaurants, as well as logistics, including a postal delivery operator."
Sayenko Kharenko’s team was led by Partner Igor Lozenko and included Associates Denis Nakonechnyi, Vladyslava Mitsai, and Vira Pankiv, and Junior Associates Sofiia-Mariia Kuzminska and Olexander Motin.