CMS is pleased to announce that it has advised M.V. Cargo in respect of two parallel loans made available to it by the European Bank for Reconstruction and Development and the International Finance Corporation. The loans, totalling USD 74m, will partly finance M.V. Cargo’s construction of a new modern grain terminal in Ukraine’s Black Sea port of Yuzhni capable of handling up to 5 million tons of grain annually. The overall value of the investment into the project is expected to exceed USD $150 million, and construction of the grain terminal is expected to be finalised in 2018.

This financing is one of the necessary steps in the establishment of a joint venture with Cargill, a leading international agricultural company – a transaction which CMS also advised on in 2016. It is a landmark project of strategic importance to Ukraine, intended to help sustain its leading position among grain exporting countries, delivering Ukrainian grain to markets all over the world. The financing will also serve as a positive signal to foreign investors and lenders considering investing or lending into Ukraine.

The CMS financing team was led by Simona Marin and Kateryna Chechulina, and included Khrystyna Korpan and other lawyers from CMS’ offices in Luxembourg and The Netherlands. Graham Conlon, Tetyana Dovgan and Vitalii Mainarovych also continue to remain involved on the corporate/joint-venture side.

Commenting on the transaction, Simona Marin, Partner in International Banking & Finance, said: "We take pride in our role supporting M.V. Cargo in this large-scale infrastructure project, in particular, the outstanding job done by our banking team”.

Kateryna Chechulina, Senior Associate in International Banking & Finance, added: “We are delighted to have been integral to its success, and to have worked on yet another high-profile banking and financing transaction in Ukraine.”

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For further information, please contact:

Darina Gordienko

CMS Cameron McKenna Nabarro Olswang

E:darina.gordienko@cms-cmno.com/+38044 3913377

NOTES TO EDITORS

About CMS

Founded in 1999, CMS is a full-service top 10 international law firm, based on the number of lawyers (Am Law 2016 Global 100). With 71 offices in 40 countries across the world, employing over 4,500 lawyers, CMS has longstanding expertise both at advising in its local jurisdictions and across borders. CMS acts for a large number of Fortune 500 companies and the FT European 500 and for the majority of the DAX 30. Revenues totalled EUR 1.05bn in 2016.

CMS provides a wide range of expertise across 19 expert practice and sector areas, including Corporate/M&A, Energy, Funds, Lifesciences, TMC, Tax, Banking and Finance, Commercial, Competition & EU, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate & Construction.

For more information, please visit cms.law

CMS offices and associated offices: Aberdeen, Algiers, Amsterdam, Antwerp, Barcelona, Beijing, Belgrade, Berlin, Bogotá, Bratislava, Bristol, Brussels, Bucharest, Budapest, Casablanca, Cologne, Dubai, Dusseldorf, Edinburgh, Frankfurt, Geneva, Glasgow, Hamburg, Hong Kong, Istanbul, Kyiv, Leipzig, Lima, Lisbon, Ljubljana, London, Luxembourg, Lyon, Madrid, Manchester, Medellín, Mexico City, Milan, Moscow, Munich, Muscat, Paris, Podgorica, Prague, Reading, Rio de Janeiro, Rome, Santiago de Chile, Sarajevo, Seville, Shanghai, Sheffield, Singapore, Sofia, Strasbourg, Stuttgart, Tirana, Tehran, Utrecht, Vienna, Warsaw, Zagreb and Zurich.