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EBRD to allocate the largest sugar producers $ 20 million to modernize the plants.

EBRD to allocate the largest sugar producers $ 20 million to modernize the plants.

Posted in News.

The European Bank for Reconstruction and Development plans to allocate one of the largest sugar producers in Ukraine agro-holding “Astarta” (Kiev), a long-term loan of $20 million.
According to the report, the EBRD is considering the possibility of “Astarta” long-term credit to finance energy efficiency projects and upgrades to existing sugar factories agricultural holdings in order to reduce the negative impact on the environment.
EBRD Board of Directors intends to consider the allocation of funds for on 22 June of the current year.
As previously reported, the International Finance Corporation (IFC) intends to allocate “Astarta” credit of up to $ 25 million.
The main activities of the holding company is the production of sugar, as well as the growing and selling of grain and oilseeds, meat and milk production.

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