CMS recently advised the Slovenian branch of Sberbank regarding the financial restructuring of two loans amounting to a total of EUR 20,000,000, granted to Dijamant AD, Serbia’s largest producer of edible oils and the leading manufacturer of margarine, vegetable fats, mayonnaise and delicatessen products based on mayonnaise.
The transaction also included Kikindski Mlin AD, a famous Serbian company with a long-standing tradition of storage and processing of grain, and its famous Kikinda flour.
“The banking and finance team of CMS Belgrade is well-known and prized for its expertise and sound knowledge in sophisticated and high-value financial transactions,” said Ivan Gazdic, CMS’s new Head of Projects and Infrastructure practice in Belgrade.
“We have been assisting Sberbank for many years. Sberbank is the largest bank in Russia and a leading international financial institution and we are very proud to have such a reputable client in our portfolio,” Gazdic said.
Apart from drafting cross-border loan documents, the CMS Belgrade team also provided full support in preparing and registering collaterals.
Apart from Gazdic, valuable support to the CMS team was also provided by associate Igor Djordjevic.