INTEGRITES acted as Ukrainian law counsel to the European Bank for Reconstruction and Development (EBRD) in connection with a €42,000,000 long-term senior loan for Cersanit S.A. to finance working capital needs and multiple investments in both Ukraine and Poland, including energy efficiency upgrades and modernization of production in Ukraine. The financing for Cersanit S.A. is part of the EBRD’s support for Ukraine struggling in the face of Russian invasion.
Cersanit S.A. is one of the leading manufacturing companies with Polish capital share in the European market. The Group’s principal business involves the manufacturing and distribution of products used to finish and equip bathrooms (sanitary ceramic products, shower cubicles, bathtubs, shower trays, bathroom furniture and accessories). The Cersanit Capital Group is active in Poland, Ukraine and other EU Member State markets.
INTEGRITES team advising the EBRD comprised partner Igor Krasovskiy (Kyiv), counsel Olena Savchuk (Kyiv) and senior associate Yuriy Korchev (Kyiv). The Polish, English and German law advice was provided by the Warsaw, London and Frankfurt offices of Norton Rose Fulbright.