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The European Bank for Reconstruction and Development (19459003) EBRD will provide a long-term loan of US $ 20 million to the Ukrainian agro-industrial holding company Astarta to finance the working capital needed for beet processing and soybeans.The Senior Adviser on External Relations BERD Anton Usov on Thursday, the corresponding decision of the Board of Directors was made at a meeting on July 18. [19659002] The bank stresses that its funding will also help improve efficiency and productivity at the expense of adding modern computing solutions and farming methods and to strengthen links with local suppliers.
information from the site BERD the overall estimate of the project is estimated at $ 242 million.
Finance.ua:
- "Astarta" is u vertically integrated agro-industrial holding, which operates in eight oblasts of Ukraine
- The operation includes eight sugar factories, agrarian enterprises with a land bank of about 250 thousand hectares and dairy farms
- . ] Agropromholding company in 2017 achieved a net profit of 61.84 million euros, down 25.2% from 2016. Its EBITDA decreased by 21% last year to 120.24 million euros, while consolidated revenues increased 24.3% to 458.6 million euros
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