EBRD to provide a USD 35 million loan to Louis Dreyfus Company in Ukraine

The European Bank for Reconstruction and Development (EBRD) is considering the provision of a USD 35 million senior loan to finance the acquisition of up to 1,000 grain hopper railcars by a subsidiary of Louis Dreyfus Company in Ukraine.

The Project has passed concept review and is currently pending final review. The total Project cost is USD 70 million.

"The Project will support the client's strategy of building a reliable and efficient supply chain in Ukraine and will aim to address the existing shortage of railcars on the Ukrainian market," the message says.

In January 2019, Margarita Louis-Dreyfus, Chairperson of Louis Dreyfus Company Holdings B.V. (LDCH) announced that the Group’s majority shareholder completed the buy-out of the minority shareholders who so desired. The transaction brings Akira’s stake in the Group to 96.2%.