EBRD ROMANIA
July 1st, 2004
BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending Euro 135 million to two Romanian wood-processing companies, to prepare them for acquisition by Kronospan Holdings Limited, Europe's leading wood panel producer. The loan will help financially restructure MDF Sebes, a medium-density fibreboard and resin plant, and Sepal, a particle-board plant. Both are currently owned by Italy's Gruppo Frati and the loan will also improve and expand production after the takeover.
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending Euro 135 million to two Romanian wood-processing companies, to prepare them for acquisition by Kronospan Holdings Limited, Europe's leading wood panel producer. The loan will help financially restructure MDF Sebes, a medium-density fibreboard and resin plant, and Sepal, a particle-board plant. Both are currently owned by Italy's Gruppo Frati and the loan will also improve and expand production after the takeover.
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