KSG Agro will receive USD 6.25 M from Alpha Bank
2012-06-14 12:20:13
KSG Agro signed an agreement with Alpha Bank for UAH 50 M credit line (USD 6.25 M) for the period of 3 years. According to the company, the funds will be used for compensation of operating costs, increasing production volumes and increase of land bank. Future spring harvest of the company is stated to be the provision for the loan.
AgroInvest comment: this loan is forth for the company this year with the total value of USD 43.25 M as company is active in attracting external sources of financing. Company’s capitalization follows the overall trend of UAIndex.
For more detail please refer to the UAIndex Daily (June 13 issue).
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