EBRD MINERAL WATER
May 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) has bought a minority stake in leading Russian mineral water company JSC Narzan, in a combined US$12.25 million loan and equity investment. The money will help Narzan expand its bottling capacity, develop new products and supply working capital. Water from the Narzan spring which it exploits - in Kislovodsk, southern Russia - has been drunk since the early 18th century and bottled since 1894. Narzan was also a household name during the Soviet era and remained widely available after the ...
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