NEWS (July 11, 2012)

Avellum Partners advised on the UAH 200 million offering of domestic bonds by LLC Burat-Agro

Avellum Partners acted as the Ukrainian legal counsel in connection with the UAH 200 million (USD 25 million) offering of domestic bonds by LLC Burat-Agro, a Ukrainian subsidiary of Industrial Milk Company S.A. (IMC), one of the largest milk producers in Ukraine (the Offering) on two Ukrainian stock exchanges – PFTS and the Perspektiva Stock Exchange.

VTB Bank and Investment Capital Ukraine acted as the underwriters of the Offering. The Offering was supported by a Ukrainian law governed suretyship of LLC Chernihiv Industrial Milk Company and an English-law governed guarantee of the holding company Industrial Milk Company S.A.

The Avellum Partners team was led by partner Glib Bondar with significant support from associates Artem Shyrkozhukhov and Yuriy Zaremba.

Herbert Smith LLP acted as English legal advisor to IMC, and Arendt & Medernach – Avocats acted as Luxembourg legal advisor to IMC.

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