Central regions | Farming, agriculture | Finance, business

Rosselkhozbank to loan $18m to Arcada

30 Apr '09
Voronezh region-based agricultural firm Arcada has announced plans to take out an $18m loan with state-run Rosselkhozbank.

The loan is reportedly to be taken out for eight years at 19% interest.

The funds are reportedly to be used to finish a $39.4m project to build a dairy complex for 1,200 cows and grain storage with capacity of 80,000 tons.
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