Asters has advised the EBRD on a USD 15 million loan to the Modern-Expo Group, one of the largest manufacturers and suppliers of fixtures and equipment for retail stores and warehouses in Central and Eastern Europe.
Modern-Expo is a privately owned company which has been operating in Ukraine for over 20 years, and which expanded to Belarus in 2014. Around 65% of company's revenues are generated from export sales to more than 60 countries around the world. It supplies its products to major international retailers including Auchan, Carrefour, Billa, and Nestle, among others.
According to Asters, the seven-year loan will be used to increase production volumes at the principal manufacturing sites in Lutsk (in Ukraine) and in Vitebsk (in Belarus) and to restructure the company's balance sheet.
Asters' team consisted of Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associate Inna Bondarenko.
