KhanLex advised European Bank for Reconstruction and Development on its USD 12 million senior loan facility to Nomintav Trade LLC.
Nomintav Trade is one of Mongolia’s leading retailers for fast-moving consumer goods, apparel and consumer electronics. It is also a subsidiary of Nomin Group, one of the largest and successful Mongolian conglomerates with diversified businesses in retail, trading, manufacturing, construction and financial services.
The EBRD senior loan will help Nomintav Trade to fulfill its long-term expansion plan into the Mongolian regions, which will see the company open six wholesale and retail stores in the capital, Ulaanbaatar, and in the regions.
“We’re happy to continue advising EBRD, the largest financial investor in Mongolia, in its private sector operations in Mongolia” said Enkhbat Batsukh, Partner, who led the KhanLex team, on this deal. “We’re also pleased to have been able to support Nomintav Trade and its parent Nomin Holding, a very large and dynamic Mongolian conglomerate, on this transaction which will further strengthen its position in the Mongolian retail market in urban as well as in regional areas.” Enkhbat was supported by Batjargal Gombosuren, colleague and partner at KhanLex, on this transaction.
N.B.: Enkhbat Batsukh led the above work while being a partner with the merged firm “MDS KhanLex LLP” (now de-merged). In 2018, Enkhbat Batsukh together with Batjargal Gombosuren who advised on the above transaction, have relaunched their pre-merger firm “KhanLex Partners LLP”.