Clifford Chance

Clifford Chance advises Invest International on a €27 million loan to leading Ukrainian construction material company Kovalska Group

International law firm Clifford Chance has advised Invest International in relation to a €27 million loan to leading Ukrainian construction material company Kovalska Group to support the import of Aircrete Europe’s sustainable autoclaved aerated concrete (AAC) block production technology (with the possibility to make panels in the future) from the Netherlands to Ukraine.

The loan, funded via the Dutch Good Growth Fund (DGGF), will be partly used to finance machinery as well as the commissioning of a new production plant located in Rozvadiv, Western Ukraine. The project is relevant to the ongoing reconstruction efforts in Ukraine and shows how effective cooperation between businesses, alongside international institutions and governments, can collectively ensure Ukraine’s recovery. Read more about the transaction here.

The Clifford Chance team was led by David Woolmer, with support from Amin Tamaddoni and Niels Kuil.