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Redcliffe Partners Advises EBRD on Financing for Ukrainian Tomato Paste Producer

Redcliffe Partners Advises EBRD on Financing for Ukrainian Tomato Paste Producer

Ukraine
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Redcliffe Partners has advised the EBRD on its USD 15 million loan to Ukraine's Agrofusion group to finance the construction of its third tomato processing plant. This expansion will allow Agrofusion to increase its production capability by around 50 percent. Bird & Bird advised the EBRD on matters of English law.

According to Redcliffe Partners, "the new plant will be able to produce about 34,000 tonnes of tomato paste. In addition, by using the loan Agrofusion will introduce a range of high-tech farming improvements, reduce water leakage in irrigation systems, and reduce plastic waste throughout its entire production cycle."

In addition, the firm reports "this transaction is important for Ukraine, as it is a great incentive in the development of green agribusiness solutions. It aligns with EBRD’s support for green businesses, which is aimed at creating well-functioning market economies. Agrofusion, a vertically integrated and family-owned group, will, through its new processing plant, have an opportunity to meet the growing demand for organic food products within Ukraine, and strengthen its export capacities."

Redcliffe’s team advising on this transaction consisted of Managing Partner Olexiy Soshenko, Associate Olesia Mykhailenko, and Junior Associate Anatoliy Doludenko. 

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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