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

Source

APK-Inform

1052

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.

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