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$11.8 million to support Soufflet operations in Ukraine
The EBRD is acquiring a 24 per cent stake in Ukraine’s largest malt house,
OJSC Slavutskiy Solodoviy Zavod, and extending a loan to finance a near
doubling of the plant’s capacity to 150,000 tonnes of malt per year. The
combined financing is worth $11.8 million.
The financing is provided under a €65 million framework agreement between the
Bank and the Soufflet Group to promote its malting, milling and barley collect
businesses across central and eastern Europe.
By expanding the capacity of Slavutskiy Solodoviy Zavod, based in the
Khmelnitsky region of western Ukraine, the financing will ultimately help
provide a stable source of income for local farmers. As a leading expert in
malt processing, Soufflet Group will also provide farmers with know-how on
barley growing and cultivation.
The EBRD has invested €3.25 billion in more than 210 agribusiness projects
across central and eastern Europe and the Commonwealth of Independent States,
including 13 projects for €195 million in Ukraine. The Bank’s cumulative
investment in Ukraine stands at €1.5 billion in 62 projects.
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