AEQUO has acted for Raiffeisen Bank International AG (RBI) on extension of ECA-covered finance in the amount of approximately EUR 18 million for Epicentr Group, being the leading Ukrainian DIY retailer and one of the largest agriculture producers.
RBI's loan will be utilised by the borrower to finance purchasing modern grain storage systems from Convex International GmbH, a well-known German manufacturer focused on development and implementation of innovative solutions for agro-industrial businesses, to support Epicentr in further improvement of its operational effectiveness. The facility is covered by an export guarantee issued by Euler Hermes Aktiengesellschaft, which served as the export credit agency (ECA).
Ukrainian law advice, which anticipated assistance with the deal structuring and negotiating transaction documentation, has been provided by Aequo team comprised of associate Olesia Mashtaler, counsel Denis Kulgavyi and Yulia Kyrpa, partner and head of Banking &
«This is a third consecutive export financing extended by RBI to Epicentr, and we are extremely happy to be involved in writing this story of successful partnership and trust among international and Ukrainian businesses", comments Yulia Kyrpa.
RBI operates a banking network in Central and Eastern Europe, where 13 markets of the region are covered by subsidiary banks. Additionally, the group comprises numerous other financial service providers in leasing, asset management, and mergers and acquisitions.
RBI is Austria's second-largest bank with a balance sheet total of €182 billion. It has approximately 47,000 employees and services 16.4 million customers through more than 2,100 business outlets.
Since 2016, agricultural activity has been one of the most important and potential directions developed by Epicentr-K LLC. The Agricultural division of Epicentr-K company group cultivates thousands of hectares in different regions of Ukraine.
About the firm
Aequo is one of Ukraine’s top law firms serving industry leaders in transactional and dispute resolution matters.
AEQUO’s clients include leading Ukrainian and international companies and organizations, such as Bunge, Corteva, Darnitsa, DuPont, EBRD, EFSE, European Business Association, European Commission, Facebook, GlaxoSmithKline, Google, IFC, Inditex, Instagram, Kernel, Novo Nordisk, OLX, Posco International, ProCredit Bank, Raiffeisen Bank, Schenker, Samsung, Sandvik, UniCredit, Vodafone Ukraine.
AEQUO has been named the Most Innovative Law Firm of the Year in Ukraine by IFLR Europe Awards 2018, by 2017 The Lawyer European Awards as the Law Firm of the Year in Russia, Ukraine and the CIS region, and one of the most innovative law firms in Europe according to the FT Innovative Lawyers 2015-2020.
For additional information please contact Director of Marketing and PR Iulia Chervonookaya
by e-mail: chervonookaya@aequo.ua, or by phone +380 44 490 91 00
