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Astarta gets USD 10 mln loan from EBRD

Astarta gets USD 10 mln loan from EBRD

13 July 2010

The European Bank for Reconstruction and Development’s board approved a seven-year USD 10 mln loan to Astarta (WSE: AST PW). According to the EBRD project Web site, proceeds will be directed to following up on an energy efficiency project financed by the EBRD in 2007. Ruslan Patlavskyy: We consider the announcement neutral for the stock as the loan was first announced as pending EBRD board approval in early June and the news has already been priced in.

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