According to the official information released by the company on its official website, Milkiland will receive USD 15 million loan from Credit Agricole. Oleksandr Androshchuk, CFO, Milkiland N.V. stated: “We’re happy to start, as we believe, promising collaboration with PJSC “Credit Agricole Bank”, which became even more valuable for both sides in the current turbulent environment in the Ukrainian financial market. We found the conditions of financing from Credit Agricole Bank as favorable for the Group, and are going to replace by these funds the most expensive loans for the other Ukrainian banks and to finance the agri-operations of the Group.” No additional details were released regarding the deal.

In case you are interested in state of agrarian sector within CIS region, please follow the link below to read UkrAgroConsult monthly report “Agrarian Business in CIS region” for January 2014 (featuring Ukraine). First issue is free of charge. You can subscribe to the report to receive it on a monthly basis.





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