Ovostar Settles Seven-year Loan
UKRAINE – One of Ukraine’s leading agricultural companies has paid off loans of over €14.5 million to its German creditors.
12 February 2015
2 minute read
By: Egg processor Ovostar has announced the successful completion of disbursement to AKA Ausfuhrkredit GmbH and Landesbank Berlin AG.
Euler Hermes AG provided an export credit cover for the seven-year loan.
A spokesperson said: “The loan proceeds obtained as a part of export financing programme are used to finance purchase of poultry housing equipment.
“This will enable the company to continue implementation of investment plans and materialise organic growth.”
