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BRIEF-Tesco Kipa secures 70 mln lira loan from Rabobank
March 16, 2017 / 4:32 PM / 9 months ago

BRIEF-Tesco Kipa secures 70 mln lira loan from Rabobank

March 16 (Reuters) - Tesco Kipa:

* Secures 70 million lira ($19.20 million) loan from Rabobank

* The loan agreement is in the scope of previously signed agreement between parent company Migros and Rabobank on October 26, 2016 for up to 170 million lira

* Thorough the loan agreement Kipa becomes a party of loan agreement between Migros and Robabank

* The loan under the guarantee of Migros to be used for general cash needs of Migros and Company, such as short-term investment and operating capital that may arise in the future Source text for Eikon: Further company coverage: ($1 = 3.6455 liras) (Gdynia Newsroom)

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