EBRD organizes a syndicated loan to ViOil

One of the largest financial institutes in the world the European Bank for Reconstruction and Development (EBRD)
has provided the industrial group “ViOil” with a syndicated loan of 40 million USD to replenish its circulating capital. The Bank will provide the first tranche of 20 mln USD (loan A) from its own assets. The second part (loan B) will be financed by the Dutch bank ING Bank N.V. The financial Director of the ViOil group Alla Vlasiuk informed that the Company would use the money for financing the activities of its enterprises, including purchase of oilseeds in 2015/16 marketing year and facility modernization. The Company also plans to start production of new oil processing products and high oleic sunflower oil in particular. It will enable the Group to extend sales markets.
At present ViOil ranks among Top 3 largest producers and exporters of oil in Ukraine. Nearly all the products are exported.