Asters advises EBRD and IFC on USD 70 million financing to Galnaftogaz
August, 2020 - Kyiv, Ukraine
Asters acted as a Ukrainian law counsel to the European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC), a member of the World Bank Group, in connection with their loans to JSC “Concern Galnaftogaz” (GNG), Ukraine’s largest company in retail distribution of transportation fuels in terms of sales volume and third largest by number of filling stations.
EBRD and IFC are providing long-term corporate loans to finance the company’s CAPEX and working capital needs. The project implementation will allow the company to develop GNG’s Farmer-Supply Program, improve its logistics infrastructure and grow its fuel stations network, including the installation of electric charging stations.
Asters’ banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associates Inna Bondarenko and Viktoria Zagreba.
