29
Fri, Mar
47 New Articles

Dentons Advises BSTDB on Construction Financing of Hayat Kimya Group’s Factory in Russia

Dentons Advises BSTDB on Construction Financing of Hayat Kimya Group’s Factory in Russia

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

The Moscow and Istanbul offices of Dentons have advised the Black Sea Trade and Development Bank on its provision of a seven-year EUR 75 million loan to the Hayat Kimya Group for the construction of a new hygienic tissue and paper towel factory in Kaluga, Russia.

According to Dentons, the total value of the construction project is EUR 134.5 million and, upon completion, the project will constitute the group’s third production facility in Russia. 

The BSTDB is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. 

Hayat Kimya is a producer of detergent, hygiene, and tissue products. 

The Dentons team included Moscow-based Partner Timothy Stubbs, Counsel Dennis Montgomery, and Associate Arsen Safaryan, and Istanbul-based Partners Tamsyn Mileham and Burcu Boso and Associate Canberk Varis.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

Firm's website.