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ASTERS ADVISES SPUTNIK GROUP IN CONNECTION WITH A $40M FINANCING FROM EBRD
Asters law firm, Kyiv, Ukraine, Mon, Jan 31, 2011
KYIV - Asters advised Sputnik Group with respect to a $40m financing package, consisting of loan and equity from the European Bank for Reconstruction and Development (EBRD) for development of its pension and insurance business in Russia and Ukraine.
The loan will be used to promote business operations of the Renaissance Life and Pensions (one of the top ten largest nongovernmental pension funds in Russia in terms of the number of its clients) and the Renaissance Life Company (life insurance company in Russia and Ukraine). In Ukraine Renaissance Life is among top three leaders on the life insurance market.
Asters team for current project included partners Oleksiy Didkovskiy and Iryna Pokanay, and associates Leonid Antonenko, Svitlana Chepurna, Anna Novodvorska and Nikolai Sorochinskiy.
Asters is a full-service independent national law firm. With 15 years of experience the firm has one of the longest track records on the country's young legal market. Asters is among the most recommended law firms for Ukraine according to reputable international legal directories The Legal 500, PLC Which Lawyer?, Chambers Global, IFLR 1000, and Ukraine's legal market research publications.
A list of the firm's clients includes major international corporations, such as Boeing, Coca-Cola, Marathon Oil, Miele, News Corp., New Line Cinema, Nissan Motor, Nokia Corporation, Philip Morris,Renault, Telenor ASA, Toshiba Corporation, and the world's leading financial institutions ABN AMRO, Barclays Capital, Citibank, Credit Suisse, Deutsche Bank, EBRD, IFC, ING Bank, JP Morgan Chase, Standard Bank, Swedbank and World Bank.
INFORMATION: For more information, please visit http://www.asterslaw.com/
USUBC NOTE: ASTERS is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.