Sorainen Belarus acted as local counsel for International Finance Corporation (IFC) on an extension of a USD 5 million loan to Belarusky Narodny Bank for small- to medium-sized enterprise (SME) finance. This financing complements a recent purchase of equity in the bank, also now the first bank in Belarus to which IFC is making loan […]
Sorainen Belarus acted as local counsel for International Finance Corporation (IFC) in its acquisition of a 19.99% stake in Belarusky Narodny Bank for USD 8.2 million (approx EUR 5.9 million). Belarusky Narodny Bank is a commercial bank controlled by the Bank of Georgia. The Sorainen team was involved in structuring the transaction and commenting on […]
Sorainen Belarus acted as local counsel for Czech Export Bank (CEB) in a project financing transaction. CEB provided a facility of EUR 10.8 million to Belarusian state owned enterprise Grodnoenergo to purchase technological equipment from Czech producer Mavel for construction of a hydro power station in Grodno. The Sorainen team was tasked with drafting security […]
Sorainen Belarus provided full scope advice in connection with Algol Chemicals‘ entry to the Belarusian market. Services included “turn-key” registration of the Algol subsidiary in Belarus, advice on employment, financing matters and issues related to building a local distribution network. Algol Chemicals offers a wide range of chemicals for industry in Finland, Scandinavia, Estonia, Latvia, […]
Sorainen Belarus advised the European Bank for Reconstruction and Development (EBRD) on equity investments (acquisition of a 25.5% stake) in Commercial and Industrial Group West-Ost Union, the largest children’s goods retail chain in Belarus consisting of 11 supermarkets located in the biggest Belarusian cities (the chain is operated under the “Buslik” trademark). EBRD investments will […]
