EBRD to lend brewer Obolon USD 50 mln
23 December 2009
The European Bank for Reconstruction and Development said yesterday that it planned to provide Obolon a loan of USD 50 mln. Loan proceeds will be used to bolster the brewer’s balance sheet and improve energy efficiency at its production plants. According to the EBRD, a total of USD 123 mln in financing could be provided for the project, including loans from ING Bank Ukraine, UniCredit Bank and Raiffeisen Bank Aval (BAVL). Obolon accounted for 35.4% of total beer production in Ukraine in 2008 and occupied 30.4% of the domestic beer market.
