The Ukrainian agro holding Kreative Group has raised a $255 Ml loan from the banks Erste Group Bank, UkrSotsBank, VTB Capital and Societe Generale, Erste Bank’s press service reported.

This amount shall be broken down into two short-term tranches with possible annual extension. The agro holding is planning to spend the borrowed money on the purchase of sunseed, its storage and further processing; the end products will be sold domestically or exported. Kreativ Group’s Honorary President is Regions Party parliamentarian Stanislav Berezkin, who is known for having swapped the BYuT faction for the Regions Party faction in just two weeks after he had become a parliament member. The agro holding produces fats, margarines, sunflower oil and other agricultural products. The company is based in Kirovohrad.

UkrAgroConsult