EBRD could provide up to $40 mln credit line to Vioil Group

14:09, 08.04.2015 1 min read

The European Bank for Reconstruction and Development (EBRD) could provide debt financing of up to $40 million to one of the largest oilseed processors in Ukraine Vioil Group, in the form of a syndicated senior secured revolving credit line.

According to a post on the EBRD's website, the bank's board will make the relevant decision on May 6.

The bank would provide the credit line to finance Vioil Group's working capital needs associated with the purchase of sunflower, rape seeds and soya beans and their primary processing into edible oil.

Vioil combines two fat and oil mills in Vinnytsia and Chernivtsi, which after the launch of a new plant in 2013 has a total processing capacity of 2,700 tonnes of seeds a day.

The group also includes a network of grain accepting enterprises and elevators in Ukraine.