EBRD to provide a USD 48 mln credit facility for Kernel

The European Bank for Reconstruction and Development (EBRD) considers the provision of a USD 48 mln credit facility for Kernel.

It is noted that the investments are aimed at agribusiness infrastructure.

The total project cost in USD 110 mln.

Previously it was reported that EBRD paused funding of Kernel's projects.

Reference: over the year, the share price of the company Kernel fell by 28%. In six months, the shares of Kernel lost 4.08%, and in the past month — 7.84%.