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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.

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Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys, providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

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