Urals | Industry, manufacturing | Finance, business

EBRD to loan $40m to Ekaterinburg’s Kalina

25 Jun '09
Ekaterinburg cosmetics manufacturer Kalina has taken out a $40m loan with European Bank for Reconstruction and Development (EBRD), the bank reports.

The loan is to be taken for five years, the interest rate has yet to be disclosed.

The funds are reportedly to be used to refinance the company’s short-term debt and to replenish the firm’s circulating assets.
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