International law firm CMS has advised longstanding client the European Bank for Reconstruction and Development (EBRD) on a loan of up to USD 100 million to Ukrainian company MHP Group (MHP).
MHP is the largest producer and exporter of chicken in Ukraine. It is also the leading producer of poultry meat in Europe and one of the largest grain producers in Ukraine. MHP will use these funds to maintain the production and export of essential agricultural commodities. CMS advised EBRD on all English law aspects of the loan.
CMS Banking & Finance partner Rafal Zakrzewski comments: "We are delighted to have advised the EBRD on this loan, which will support MHP in the challenging conditions that Ukraine continues to face. The agricultural sector is a key sector for the Ukrainian economy, and the conflict has impacted the country’s harvests and its ability to export. The firm has unrivalled English law expertise in CEE, which allows us to continue to help EBRD in its mission to support Ukraine".
The CMS team was led by Rafal Zakrzewski and included Evgeniy Vazhynskiy (Banking & Finance).
This is the latest in a series of loans on which CMS has advised EBRD. Most recently, CMS advised EBRD on a EUR 10.8 million loan to Serbian company Stax Technologies, and its USD 75 million investment in the USD 825 million sustainability-linked bond (SLB) issued by Ukraine’s national power company, Ukrenergo.