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Asters Advises IFC on EUR 13.7 Million Financing for Kryvyi Rih

Asters Advises IFC on EUR 13.7 Million Financing for Kryvyi Rih

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Asters has advised the International Finance Corporation on a EUR 13.7 million financing to the city of Kryvyi Rih.

According to the firm, the city of Kryvyi Rih has Ukraine's largest industrial park and a population of nearly 630,000 people.

"The investment consists of EUR 10.2 million of IFC own-account financing and EUR 3,5 million in blended finance through the Clean Technology Fund," Asters informed. "The financing will be directed at upgrading the city's transport system by purchasing 15 new tramcars and updating the existing ones as well as improving the environment by developing an urban transportation plan to promote the alternative transport types."

The Asters team consisted of Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associates Inna Bondarenko and Viktoria Zagreba.

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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