Kernel acquired 200 mln USD loan to increase sunflower oil production in Ukraine




One of the largest Ukrainian agrarian groups, Kernel, made an agreement with the syndicate of European banks to acquire a credit line with 200 mln USD limit, informed the company's report at the Warsaw Stock Exchange`s web-site.

It is noted that the company will use the funds for working capital financing in the industry of sunflower oil production in Ukraine.

As a reminder, until 2020 the company plans to invest 130 mln USD in construction of a new oil extraction plant in Khmelnytskyi oblast.