Kronospan subsidiaries in Ukraine to receive 30-mln euro loan from EIB

The Austrian manufacturer of wood-based panels Kronospan is planning to raise a 200-million-euro loan from the European Investment Bank (EIB) by the end of this year, 30 million euros of which will be allocated to its Ukrainian "subsidiaries" to mount 30 MW gas piston power plants, Kronospan UA CEO Natalya Pokinskaya said. "We are working in a financing package with the EIB. Kronospan Group is working to obtain loans for around 200 million euros, of which we are planning to use 30 million euros in Ukraine," Ukrainian media quoted her as saying on the sidelines of ...

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