EBRD ROMANIA/MOLDOVA
June 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to lend Romania's European Drinks Group Euro 195 million to fund a long-term investment and expansion programme. Its aim, said a bank memorandum, was to ensure the drinks and food producer changed from "a (large) family run entrepreneurial company into a well organised large corporate". The money would fund "covenanted improvements in corporate governance and transparency at the group level". The loan is one of a series planned by the bank in Romania ahead of its anticipated ...
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