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CMS Advises EBRD on Financing for Leading Energy and Gas Trading Company in Ukraine

CMS Cameron McKenna Nabarro Olswang has advised the European Bank for Reconstruction and Development (EBRD) on a €10 million two-year loan to ERU Trading LLC, a leading energy and gas trading company in Ukraine.

The funds will be used to support ERU Trading’s growing gas trading operations which secures low-cost gas from the European Union during the summer season which is then stored and sold in Ukraine. ERU Trading is the largest private importer of natural gas from Hungary, Poland and Slovakia into Ukraine.

Elitsa Ivanova comments: “We are delighted to advise our long-standing client EBRD on this strategic investment which will facilitate further development and competition in the Ukrainian gas trading market. With more than 600 lawyers across 17 offices in Central and Eastern Europe, CMS is well-placed to advise clients in Ukraine on both local and multi-jurisdictional matters.”

Matteo Patrone, EBRD Managing Director, Eastern Europe and the Caucasus, comments: “By supporting a privately owned gas trader, we are supporting further liberalisation of the energy market, greater competition and security of supply in Ukraine.”

The CMS team led by Elitsa Ivanova (Head of Finance at CMS Sofia) and Orest Matviychuk (Senior Associate) and included Ihor Olekhov (Head of Banking & Finance at CMS Kyiv) and Ivan Pshyk (Associate) from CMS Kyiv.

For further information, please contact:

Irina Lapchenko

E: irina.lapchenko@cms-cmno.com

T: +38044 3913377

Notes to editors:

Founded in 1999, CMS is an integrated, multi-jurisdictional organisation of law firms that offers full-service legal and tax advice. With more than 70 offices in over 40 countries across the world and more than 5,000 lawyers, CMS has long-standing expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets.

The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate/M&A, Energy & Climate Change, Infrastructure & Projects, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Competition & EU, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate.

For more information, please visit cms.law

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