INTEGRITES advises "Kovalska" Group on EUR 27 mln long-term secured loan from Invest International, a joint venture between the Dutch Ministry of Finance and FMO established to achieve the UN’s Sustainable Development Goals, to finance the construction of a new aerated concrete production plant located in Rozvadiv, Ukraine.
The loan is funded from the Dutch Good Growth Fund (DGGF). A state-of-the-art autoclaved aerated concrete machinery and technology for the plant will be supplied by Aircrete Europe from the Netherlands to Ukraine.
Partner Igor Krasovskiy, senior associate Yuriy Korchev and associate Valentyna Solona advised the "Kovalska" Group on the transaction.
"We are happy to have advised on this debut cross-border financing for Kovalska. The deal is very motivating and inspiring under circumstances, but more importantly, sends a positive signal to foreign investors and donors that Ukraine’s reconstruction is underway", Igor Krasovskiy comments.
Headquartered in Kyiv (Ukraine), "Kovalska" Group is one of the largest vertically integrated construction material manufacturers and property developers in Ukraine.
Headquartered in the Netherlands, Aircrete Europe is a global leading developer and manufacturer of AAC machinery and technology for the production of AAC panels and blocks.