NEWS (January 29, 2021)

Asters advised International Finance Corporation

Asters acted as a Ukrainian law counsel to International Finance Corporation, a member of the World Bank Group, in connection with EUR 30 million loan to Ukrgasbank, as it seeks to boost financing of sustainable energy and energy-efficient projects, including those developed by small and medium enterprises. 

IFC is supporting Ukrgasbank on its way to privatization, which will be the first for a large state-owned bank in Ukraine. IFC’s new loan will incentivize the bank’s transformation enhanced by IFC’s option to convert the loan into equity shares.

Asters’ banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associates Inna Bondarenko and Viktoria Zagreba. Asters' antimonopoly team advising on the project consisted of partner Igor Svechkar, counsel Sergiy Glushchenko and associate Olena Gadomska.

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