The European Bank for Reconstruction and Development (EBRD) is to provide a loan of up to 350 million US dollars to support the modernisation and environmental upgrade of Ukraine’s largest steel mill, PubJSC ArcelorMittal Kryvyi Rih.
The loan will help finance ongoing investments at the mill, which is owned by global steel maker ArcelorMittal and represents the largest private sector investment programme in Ukraine in recent years.
“We are very happy to be investing with our long-term partner, ArcelorMittal, said Francis Malige, EBRD Managing Director for Eastern Europe and the Caucasus. “This financing is a very good example of the benefits that …read more
Source: Emerging Europe