KYIV, Dec 19 - The European Investment Bank (EIB) has provided a long-term financing of up to $250 million to Kernel Group to cover capital expenses in FY 2019 (began on July 1, 2018), Kernel has reported on the Warsaw Stock Exchange (WSE).

"EIB funding amounting to $250 million will be used by the company to upgrade the existing oilseed processing plants and construct a new one in Western Ukraine, build inland grain storage facilities and construct grain handling and storage terminal located in the port of Chornomorsk," the company said.