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Dentons and ZRVP Advise on Black Sea Trade and Development Bank’s USD 40 Million Loan to Alro

Dentons and ZRVP Advise on Black Sea Trade and Development Bank’s USD 40 Million Loan to Alro

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Dentons has advised the Black Sea Trade and Development bank on a seven-year USD 40 million corporate loan to Romanian aluminum producer Alro, part of Vimetco Group, for its capital investment program. Zamfirescu Racoti Vasile & Partners and Simmons & Simmons advised Alro.

According to Dentons, the loan will be used primarily to improve the company’s energy management performance and increase its high value-added production capacity. The project’s total cost amounts to approximately USD 95 million. In addition to the financing from BSTDB, the project will also be financed by Romanian and international commercial banks.

Dentons’ team included Russia-based Partner Timothy Stubbs and Counsel Dennis Montgomery and Romania-based Managing Partner Perry Zizzi, Counsel Oana Ionascu, and Associate Cristina Staicu.

ZRVP’s team included Senior Partner Ioana Racoti and Partner Elena Iacob.

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.

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