EBRD OFFERS RUSSIA PLANT FIRM MILLIONS FOR TAKEOVER BIDS
February 1st, 2007
BY KEITH NUTHALLA RUSSIAN mobile crane and slewing rig production company will be lent US$40 million by the European Bank for Reconstruction and Development (EBRD) to help it acquire rivals, boost investment and improve corporate governance. OJSC Autocrane will receive the loan, US$10 million of which will be syndicated via commercial banks. An EBRD memorandum said the money would help OJSC Autocrane's "own modernisation and restructuring process aimed at fostering competitiveness and energy efficiency while at the same time seeking to turn around the companies ...
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