NEWS (June 3, 2016)

Asters - local transaction counsel to International Finance Corporation

Asters acted as local transaction counsel to International Finance Corporation (IFC), a member of the World Bank Group, in connection with USD 10 million financing to Integrated Agrosystems, a member of Agrofusion Group, the largest tomato paste and industrial tomato producer in Ukraine.

IFC will provide corporate medium-term working capital financing in the form of an up to USD 10 million loan. This project will support "Integrated Agrosystems" by strengthening its capital base through refinancing existing short-term debt and financing incremental permanent working capital.

Asters' banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.

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