Arcelor Mittal Kryviy Rih to Attract USD 500 mln Loan from EBRD
20 June 2008
Arcelor Mittal Kryviy Rih (KSTL: U/R) is discussing a USD 500 mln loan with representatives from the European Bank of Reconstruction and Development during their visit to Ukraine June 17-20. According to CEO Narendra Chaderi, Arcelor Mittal Kryviy Rih plans to invest USD 277 mln into modernization in 2007 and USD 1.5 bln over the next 3-4 years.
