Date: 6 months ago   Category: Economy

Verevsky's agroholding has prolonged the credit from the European banks


Kernel Holding SA has concluded on October 22 the agreement on change of conditions of an export credit line with syndicate of the European banks.

is said About it in the statement of the company on the Warsaw stock exchange, Liga.net tells.

the Validity of a credit line for 200 million dollars is extended till August 31, 2021.

is Also reported that to subject of the agreement the additional short-term tranche of 90 million dollars with a repayment period in August, 2019 has been added.

the agroholding plans to utilize the Credit for financing of needs of working capital for production of sunflower oil.

Kernel which co-owner is the businessman Andrey Verevsky, - the world's largest producer and the exporter of sunflower oil, the leading producer and the supplier of agricultural production from the region of the Black Sea basin to the world markets. Exports the production of Kernel more than to 60 countries of the world.

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