Oschadbank loans UAH 500 mln to Astarta-Kyiv

The State Savings Bank of Ukraine (JSC Oschadbank) lent UAH 500 mln (USD 13.5 mln) to Astarta-Kyiv.

"The purpose of the loan is to finance working capital needs in Agriculture and Sugar production including the purchase of mineral fertilizers, plant protection products, fuel, and raw materials," Astarta says in a statement.

Astarta Holding's market cap as of August 7 stood at USD 130 mln, having decreased by 0.8%.