EBRD considers provision of an additional USD10 million tranche to «Astarta»

 

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The European Bank for Reconstruction and Development (EBRD) is considering provision of an additional USD10 million tranche to «Astarta».

It is reported by press service of the bank.

According to the report, these funds will be used to create additional liquidity cushion during the COVID-19 crisis. 

The EBRD said the loan will finance working capital needs of Astarta Group associated with its farming, sugar and soybean processing operations.

According to the press service of the bank, the decision on the loan will be made on July 22, 2020.

 


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