NEWS (June 26, 2018)

Asters advised IFC on USD 17 million financing to Agrofusion

Asters acted as a Ukrainian law counsel to International Finance Corporation (IFC), a member of the World Bank Group, in connection with USD 17 million loan to Agrofusion, the largest tomato paste and industrial tomato producer in Ukraine.

IFC is providing a long-term corporate loan to finance the Agrofusion’s 2018-2019 expansion and debt refinancing program. This is IFC’s third investment in Agrofusion. The project implementation will allow the company to expand its product portfolio and increase export volumes.

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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