EBRD invested EUR 50 Ml in MK Group agri holding with assets in Ukraine

By investing EUR 50 Ml, the European Bank for Reconstruction and Development (EBRD) became a co-owner of MK Group (Agri Europe holding), which operates in Ukraine via its daughter company Agro Invest Ukraine, the holding’s press service reports.

“The additional money will be used to finance new investments and aimed at reducing production costs, enhancing energy efficiency and environment protection,” said MK Group President Miodrag Kostić.

Agro Invest Ukraine is the core agricultural asset of Agri Europe. It is primary grain production and own elevators in Ukraine that the group considers as promising areas of its operation. Therefore Ukraine will be a key funding destination. Our plans envisage increasing the land bank to 100 000 ha, building new silos, corn-processing facilities etc.,” AgroInvest Ukraine CEO Željko Erceg pointed out.

As a reminder, the Verkhovna Rada had previously permitted international finance organizations to issue hryvnya bonds in Ukraine.


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