Ovostar Union received EUR 10 M from Landesbank Berlin
2013-04-09 14:33:32
According to the official information released by the company Ovostar Union received long-term EUR 10 M loan from Landesbank Berlin. Loan was given for a 7-year term under Euler-Hermes Deutschland AG guarantees. Company stated that funds attracted will be used for purchase of additional production capacities in line with company’s investment strategy. Company is planning to complete construction of new poultry plant by the end of 2013.
AgroInvest comment: Ovostar Union is the second agrarian holding in Ukraine to attract major loan from foreign financial institution.