Kernel attracted USD 100 M
2012-01-30 14:35:32
Kernel Group, more precisely “Kernel-Trade”, a subsidiary based in Kiev attracted USD 100 M on Friday according to the statement made by the Kernel Holding S.A. The credit is medium-term, funds attracted will be used for purchase of Ukrainian “Black Sea Industries” company.
Details of the transaction, which still has to be approved by Ukrainian National Bank, have yet been made public. Names of the European banks are also incognito as well. This deal makes total of USD 260.9 M funds attracted via credit agreements in January 2012. We see this as a positive sign towards development of Ukrainian agricultural sector and expect further increase in funds inflow next month.