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Poland's KGHM considers $246 million loan from European Investment Bank
November 8, 2017 / 9:19 AM / a month ago

Poland's KGHM considers $246 million loan from European Investment Bank

WARSAW (Reuters) - Polish copper producer KGHM KGH.WA is considering taking a loan from the European Investment Bank (EIB) worth 900 million zlotys (187.39 million pounds) to invest in making production more effective, the company said on Tuesday evening.

FILE PHOTO - A silver bar is pictured at the KGHM copper and precious metals smelter processing plant in Glogow May 10, 2013. EUTERS/Peter Andrews

The loan agreement could be signed for 12 years in Polish zloty, U.S. dollar or euro, KGHM said on Wednesday.

Reporting by Agnieszka Barteczko, editing by Louise Heavens

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