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Ovostar Settles Seven-year Loan

12 February 2015, at 10:45a.m.

UKRAINE – One of Ukraine’s leading agricultural companies has paid off loans of over €14.5 million to its German creditors.

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.”