IFC provides a USD 17 mln loan to Agrofusion

The International Finance Corporation (IFC) on June 1, 2018, signed the agreement to provide Agrofusion with a long-term credit facility of USD 17 million, Interfax Ukraine writes.

The proposed investment is to support Agrofusion Group, by providing a long-term corporate loan to finance the company’s 2018-2019 expansion and debt refinancing program.

The total project cost is estimated at USD30 million. This will be the third Corporation's project with Agrofusion.

Reference: IFC signed loan agreements with the agri-industrial holding Astarta-Kyiv and pork producer Nyva Pereyaslavschyny on providing new facilities.