CMS has advised the European Bank for Reconstruction and Development on a USD 25 million senior loan to Ukrainian food retailer Varus Group.
According to CMS, the financing is intended to support Varus Group’s sustainable expansion, bolster supply-chain stability, and ensure business continuity. The facility helps bridge a funding gap caused by wartime market conditions and aims to protect existing jobs while improving employment opportunities, including for people with disabilities and other war-affected groups. Varus operates 117 stores primarily in the Dnipro and Kyiv regions, with additional presence in Zaporizhzhia and Odesa.
The CMS team included Partners Ihor Olekhov and Rafal Zakrzewski and Lawyers Bohdan Ilchenko, Artem Lukyanov, and Iryna Barlit.
