Asters has advised the European Bank for Reconstruction and Development on a EUR 10 million financing for the Grain Alliance Group.
The Grain Alliance Group is a Swedish-owned mid-sized agricultural holding in Ukraine, according to the EBRD. It cultivates around 60,000 hectares of land.
According to Asters, “the loan will be used to improve and expand export capacity for grain, which was disrupted as a result of Russia's large-scale armed aggression against Ukraine. To this end, the Grain Alliance Group will increase storage capacity, modernize infrastructure, as well as purchase grain hoppers, locomotives, and trucks to ensure safe grain transport from Ukraine to Slovakia and onward to final customers. The investment will help to provide a transshipment capacity of 400,000 tonnes per year and preserve over 1,000 jobs.”
In 2020, Asters advised the EBRD on another financing for Grain Alliance Group (as reported by CEE Legal Matters on July 8, 2020).
Asters’ team included Partner Iryna Pokanay, Counsel Gabriel Aslanian, Senior Associate Inna Bondarenko, and Associate Viktoria Zagreba.
Asters did not respond to our inquiry on the matter.