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Integrites and Redcliffe Partners Advise on Kovalska Group's EUR 27 Million Loan from Invest International

Integrites and Redcliffe Partners Advise on Kovalska Group's EUR 27 Million Loan from Invest International

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Integrites has advised the Kovalska Group on a EUR 27 million long-term secured loan from Dutch Invest International to finance the construction of a new aerated concrete production plant in Rozvadiv, Ukraine. Redcliffe Partners, working with the Amsterdam office of Clifford Chance, advised the lender.

According to Redcliffe Partners, Invest International Public Programmes B.V. acted on behalf and in the interests of The State of the Netherlands (The Minister for Foreign Trade and Development Cooperation) as the lender. Invest International is a joint venture between the Dutch Ministry of Finance and Dutch development bank FMO, established to achieve the UN’s Sustainable Development Goals.

According to Integrites, the loan is funded from the Dutch Good Growth Fund. "State-of-the-art autoclaved aerated concrete machinery and technology for the plant will be supplied by Aircrete Europe, from the Netherlands to Ukraine."

The Kovalska Group is a vertically-integrated construction material manufacturer and property developer in Ukraine.

Aircrete Europe is a developer and manufacturer of autoclaved aerated concrete machinery and technology for the production of AAC panels and blocks.

The Integrites team included Partner Igor Krasovskiy, Senior Associate Yuriy Korchev, and Associate Valentyna Solona.

The Redcliffe Partners team included Managing Partner Olexiy Soshenko and Associate Sevastian Viktoruk.

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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