KIEV, June 14 – The European Bank for Reconstruction and Development has decided to allocate up to $110 million in a loan package to Lviv-based fuel distributor Galnaftogaz Concern, which includes both debt financing and equity investment, under a two-year $210 million program for the concern's development.
EBRD Principal Advisor in Ukraine Anton Usov said the project was approved by the EBRD's board of directors on Tuesday.
He said the required documents would be signed by the end of the month.
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