EBRD provides USD 24mn credit to Noble Resources Ukraine.

By bne IntelliNews July 16, 2010
The European Bank for Reconstruction and Development (EBRD) has given Noble Resources Ukraine LLC, which trades in farm products, a USD 24mn credit for purchasing and storing farm products in Ukraine. The EBRD financing will be provided in the form of a long-term loan to be used by Noble Resources Ukraine LLC for investments in grain infrastructure and processing facilities in Ukraine. Noble Resources Ukraine is planning to work with silo operators to encourage improvements at their facilities and operations in order to bring them in line with best international practices. The loan will complement the USD 50mn revolving working capital facility, which the EBRD provided to Noble Resources Ukraine LLC in October 2009. Noble Resources Ukraine is a subsidiary of Noble Group Limited, which is a large company engaged in management of the system of supplies of farm products and other raw materials.

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