AVELLUM ADVISES BSTDB ON SECURED LOAN TO PROMETEY GROUP

News

AVELLUM ADVISES BSTDB ON SECURED LOAN TO PROMETEY GROUP

AVELLUM acted as the Ukrainian legal counsel to the Black Sea Trade and Development Bank (“BSTDB”) in connection with a long-term secured loan to Limited Liability Company “Butsefal” and Prometey Swiss SA in the total amount of up to USD10 million.

Part of the loan proceeds were used for the acquisition of a new silo in Mykolaiv region (“Mykolaiv Silo”), which has the total storage capacity of up to 62 thousand tonnes and is the first steel silo in the portfolio of Prometey group. The remaining loan proceeds are intended for the acquisition of another silo and general replenishment of working capital. The provided loan will allow Prometey group to strengthen its ranking position on the list of Ukrainian storage capacity leaders.

Prometey group is operating on the grain market of Ukraine for more than 20 years, providing services for bying, storing and processing grain and oilseeds, as well as the ancillary logistics. With the acquisition of Mykolaiv Silo, the number of silos owned by Prometey group increased to 24 silos, having the total storage capacity of over 1.2 million tonnes.

BSTDB is an international financial institution established by eleven countries in the Black Sea region. BSTDB has signed over 44 operations in Ukraine, having cumulatively disbursed EUR658 million. Support to agribusiness is one of BSTDB’s key priorities in Ukraine largely contributing to economic growth and state revenues.

AVELLUM team was led by senior partner Glib Bondar with support from counsel Maksym Maksymenko, senior associate Tetiana Mykhailenko, associates Anastasiia Zhebel, Daryna Mykhailenko, Dmytro Radzivon, and Mariana Veremchuk.

Authors


Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 62

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 63

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 64

GLIB BONDAR

Senior Partner

gbondar@avellum.com

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 62

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 63

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 64

MAKSYM MAKSYMENKO

Partner

mmaksymenko@avellum.com

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 62

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 63

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 64

DARYNA MYKHAILENKO

Senior Associate

dmykhailenko@avellum.com

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 62

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 63

Warning: Attempt to read property "ID" on int in /home/kstefjmm/public_html/wp-content/themes/avellum/single.php on line 64

MARIANA VEREMCHUK

Associate

mveremchuk@avellum.com

Posted on March 19, 2020

AVELLUM successful for the client before the High Anticorruption Court

AVELLUM defended the client, a Member of Parliament of Ukraine of the 9th convocation, being also a Lieutenant General of Ukrainian Armed Forces, in the criminal case heard by the High Anticorruption Court

Posted on March 15, 2023

FATF suspended russia’s membership

AVELLUM acted as the legal counsel to the action group led by the Ministry of Finance of Ukraine and the State Financial Monitoring Service of Ukraine to facilitate the adoption of restrictive measures against russia by the FATF

Posted on March 13, 2023
Subscribe to our Newsletter
Back
Search results: