Reuters logo
EBRD loans $350 million to ArcelorMittal's Ukraine mill
December 22, 2017 / 2:41 PM / 25 days ago

EBRD loans $350 million to ArcelorMittal's Ukraine mill

KIEV (Reuters) - The European Bank for Reconstruction and Development (EBRD) has extended a $350 million loan to Ukraine’s largest steel mill, owned by ArcelorMittal (MT.AS), for modernisation and environmental upgrades.

FILE PHOTO: A logo is seen on the roof of the ArcelorMittal steelworks headquarters in Ostrava, Czech Republic, April 1, 2016. REUTERS/David W Cerny/File Photo

    The EBRD said the loan would help finance investment worth $1.1 billion at the mill, which ArcelorMittal acquired in 2015.

    “It is the largest private sector investment programme in Ukraine in recent years,” the bank said.

    Reporting by Alessandra Prentice; Editing by Keith Weir

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below