December 22, 2017 / 2:24 PM / 8 months ago

EBRD loans $350 mln to ArcelorMittal's Ukraine mill

KIEV, Dec 22 (Reuters) - The European Bank for Reconstruction and Development (EBRD) has extended a $350 million loan to Ukraine’s largest steel mill, owned by ArcelorMittal, for modernisation and environmental upgrades.

The EBRD said the loan would help finance investment worth $1.1 billion at the mill, which ArcelorMittal acquired in 2015.

“It is the largest private sector investment programme in Ukraine in recent years,” the bank said.

Reporting by Alessandra Prentice; Editing by Keith Weir

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below