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15 June 2018, 11:35

Asters advises International Finance Corporation

on USD 12.5 million financing to Nyva Pereyaslavshchyny

Asters

Asters acted as a Ukrainian law counsel to International Finance Corporation (IFC), a member of the World Bank Group, in connection with up to USD 12.5 million loan to Nyva Pereyaslavshchyny, a leading Ukrainian pork producer.

IFC is providing long-term debt financing to support Nyva’s investment program, which includes constructing a new meat-processing facility that will become one of the country’s first to comply with European Union standards for food safety and animal welfare. The company will also build a new pig farm and a rendering plant capable of recycling up to 50 tons of waste every day, helping to reduce its environmental footprint. This is IFC’s second investment in Nyva. It is expected to create about 300 jobs.

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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