EBRD approves provision of up to $20 mln to Astarta to modernize sugar refineries

14:14, 23.06.2016 1 min read

The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a senior secured long-term loan of up to $20 million to finance the modernization, energy efficiency and environmental improvements of Astarta's existing sugar processing plants.

The decision was made on June 22, 2016.

The EBRD is the largest international financial investor in Ukraine. As of January 1, 2016, the bank had a total cumulative commitment of EUR 12 billion in 355 projects in the country.

Astarta Group is one of the largest vertically integrated agricultural companies in Ukraine, operating nine sugar plants, around 250,000 hectares of leased arable land, as well as dairy farms and engaged in soybean processing.