Asters has advised the EBRD on its EUR 3.3 million loan to the Kormotech Group.
Kormotech is a Ukrainian producer of pet food for cats and dogs. According to Asters the company exports its production to over 30 countries. The firm reported that "the loan is meant to provide working capital to Kormotech in response to the impact of COVID-19 and will support the Kormotech Group's strategy to maintain and expand its operations in Ukraine and other countries.”
Asters' team consisted of Partner Iryna Pokanay, Counsel Gabriel Aslanian, and associates Inna Bondarenko and Viktoria Zagreba.
This transaction marks the EBRD's second loan to Kormotech, following its EUR 10 million loan to the company in 2019, which Asters worked on as well (as reported by CEE Legal Matters on December 26, 2020).