EBRD gives Myronivsky Hliboproduct $100 mln loan
2013-12-05 10:52:48
The European Bank for Reconstruction and Development (EBRD) is providing a new debt facility for a leading Ukrainian agribusiness producer PJSC Myronivsky Hliboproduct (MHP), thus bringing its total financing program to the company to $100 million, EBRD's press service has told Ukrinform.
The funding will be used to refinance EBRD's existing loan and to support the expansion and diversification of the group's farming activities.
"This loan is an expression of our support for a strong local market player which has the potential to grow beyond its borders. Our financing is also a testimony to the EBRD's continuing commitment to Ukraine and strong private enterprises, which through their activities contribute to unlocking the country's potential," EBRD Director for Ukraine Sevki Acuner said.
In the agribusiness sector alone, the EBRD has directly committed more than EUR 6 billion in over 400 projects across central and Eastern Europe and the Commonwealth of Independent States since 1991.
The EBRD is the largest financial investor in Ukraine. As of September 1, 2013 the bank had committed more than EUR 8.6 billion ($11.6 billion), through 327 projects, in Ukraine.