Asters advised BSTDB

Asters acted as a legal counsel to the Black Sea Trade and Development Bank (BSTDB) in connection with its USD 20 million financing to Concern Galnaftogaz, a leading Ukrainian petroleum retailer company.

A seven-year loan will assist the company to expand and upgrade its network of gas filling stations and meet its working capital needs. BSTDB and Galnaftogaz established their partnership in 2004.  Since then, the BSTDB has provided USD 87 million to Galnaftogaz, contributing to a notable growth of its business.

Asters’ banking and finance team advising on the project consisted of partner Iryna Pokanay, counsel Gabriel Aslanian and associate Inna Bondarenko.