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EBRD has raised from US$80 million to US$120 million the loan granted to Toepfer for development of Ukrainian agrarian business
10.06.2004 10:50 "Agro Perspectiva" (Kyiv) —
Board of Directors of the European Bank for Reconstruction and Development has approved augmenting of loan to Company Alfred C.Toepfer International (Ukraine) from US$80 million up to US$120 million for development of agrarian business in Ukraine, reported the EBRD representative in Kyiv. EBRD’s Board of Directors adopted corresponding decision on May 25, 2004. As to Bank’s representative, it goes about project launched still in 2002, yet now Bank has grown the loan’s sum due to Toepfer ‘s risen requirements in financial resources. It is to be reminded, the total initial project’s cost is US$200 million, therefore for project’s fulfillment Toepfer is going to draw money of local banks as well as its own money
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