Eurocar Attracts EUR 22.5 mln Syndicated Loan to Expand Production
25 October 2008
The funds from the loan, which has a maturity date of 7 years, will finance Eurocar’s planned investment program, specifically a welding and painting workshop, network formation, and launching the production of assembly parts. Eurocar opened a new assembly plant in May, which tripled Eurocar’s capacity, having increased it by 45 ths automobiles. The bank syndicate includes HVB Munich, DEG and HVB Ukraine.
