Asters Advises IFC on USD 30 Million Financing to Astarta

Asters Advises IFC on USD 30 Million Financing to Astarta

Ukraine
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Asters has acted as Ukrainian law counsel to the IFC on its USD 30 million loan to Ukrainian agriculture producer Astarta.

According to Asters, the IFC's financial support will fund Astarta's two-year investment program aimed at increasing the resource efficiency of its processing plants and the productivity of its farming operations. The funds will support the modernization of Astarta's sugar plants leading to savings of gas, electricity, and water resources. The program also aims at equipping the company’s farms with new tractors and modern, fuel-efficient machinery. 

Asters' team was led by Partner Iryna Pokanay and included Counsel Gabriel Aslanian, and Associate Inna Bondarenko.