Bulgarian Prista Oil in talks with EBRD over EUR 50.5mn loan.

By bne IntelliNews November 5, 2010
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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