EBRD MITTAL STEEL UKRAINE EXPANSION LOAN
March 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend the Ukraine branch of Mittal Steel US$200 million to boost production and energy efficiency. Assuming it is approved by the EBRD board, the money would go to Mittal Steel Kryviy Rih, which was acquired by the India-based group to salvage what the EBRD says was a previously "flawed privatisation process". The loan will help Mittal upgrade the Ukraine company's "outdated" technology, allowing it to boost production, lower unit energy costs ...
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