Avellum has acted as Ukrainian counsel to the EBRD on a long term senior secured loan of up to EUR 3 million to LLC Zunami.
Zunami is a major domestic wood processing company in Ukraine preparing to introduce new waste management techniques aimed at reducing wood waste by 23 percent or 3,000 tons per year.
Avellum reports that the EBRD's loan will be complemented by grant funding of up to EUR 70,000 from the European Union under its EU4Business program and USD 170,280 incentive grant funded by the Global Environment Facility under FINTECC program that is designed to transfer technology in the area of climate change mitigation and adaptation.
The Avellum team was led by Senior Partner Glib Bondar, supported by Counsel Maria Tsabal and Associates Oleg Krainskyi and Anna Kalabska.
Avellum did not reply to our inquiries about the deal.
