Slavuytch Receives USD 97.2 mln Credit from EBRD
18 April 2008
The European Bank for Reconstruction and Development (EBRD) has given a USD 97.2 mln credit to Slavutych Brewery (SLAV: HOLD), according to a press release by Baltic Beverages Holding (BBH) Ukraine, Slavutych’s holding company. The EBRD Board of Directors approved the loan on February 6 and the relevant agreement was signed last week. The financing will be used to modernize production facilities in Zaporizhya and Kyiv, as well as to restructure the company’s balance.
