NEWS (June 26, 2019)

AVELLUM advised EBRD

AVELLUM acted as the Ukrainian legal counsel to the European Bank for Reconstruction and Development  in connection with a long term senior secured loan to LLC Zunami  in the total amount of up to EUR 3 million.           

The EBRD is contributing to sustainable forest management in Ukraine by supporting a major domestic wood processing company Zunami with the introduction of new waste management techniques aimed at reducing wood waste by 23% or 3,000 tonnes per year.

This loan will be complemented by grant funding of up to EUR 70,000 from the European Union under its EU4Business programme, and USD 170,280  incentive grant, funded by the Global Environment Facility under FINTECC programme, designed to transfer technology in the area of climate change mitigation and adaptation.

Zunami is a Ukraine’s leading producer of finished wooden floors and is engaged in a full cycle of wood processing.

The AVELLUM team was led by senior partner Glib Bondar with support from counsel Maria Tsabal and associates Oleg Krainskyi and Anna Kalabska.

 

 

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