Bulgarian lubricants producer and distributor Prista Oil is currently in talks with the EBRD for a loan of up to EUR 50.5mn for expansion of production capacity and construction of a sales network abroad, Dnevnik daily reported quoting a company statement. The company plans to build a production plant for a range of car fluids with part of the loan. Another portion of the credit will go for the development of a network of motor lube drainage units in central and eastern Europe, as well as in Turkey. A part of the EBRD funding will be used to refinance an existing loan from one of Prista Oil's minority shareholders Gramercy Emerging Markets Fund (30%). |
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