«Astarta» to get €5 million from German company to modernize sugar plant
The German investment company Connect GmbH & Co. geschlossene Invest KG (Connect) will provide «Astarta» with a loan of €5 million for a period of seven years to modernize one of its sugar plants.
This is stated in the company’s announcement on the Warsaw Stock Exchange.
«The deal is financed by the ImpactConnect program, which includes any financing and Connect financing programs established by the German government. The purpose of this financing is the maintenance, development and modernization of «Astarta»’s sugar plants», — the announcement notes.
It is not specified which of «Astarta»’s subsidiaries will receive the financing.