KIEV, June 12 –The European Bank for Reconstruction and Development announced it is studying the provision of a senior loan of EUR 46.1 million, part of which will be syndicated to commercial banks, and a subordinated loan of EUR 6 million to Multi Corporation B.V. (the Netherlands) for the development and operation of a modern inner-city shopping mall located in Lviv.

The bank said that the board is to consider the project on July 10.

According to the bank, the project cost is approximately EUR 90 million.

The bank said that Multi Veste Ukraine 3 ZAT LLC, a special purpose company incorporated under the laws of Ukraine, controlled by Multi Corporation B.V. and created in 2007 would borrow the funds.