IFC LOAN VLADIVOSTOK BREWERY RUSSIA SIBERIA
January 1st, 2006
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is supporting a US$58 million investment programme for upgrading the Vladpivo brewery, Trudovoye, near Vladivostok, in Russia's far east. Working with Detroit Investments and the Alfa Group's A-1 Group Limited, the IFC will lend Roubles 255 million (Euro 7.5 million) to brewery owner Vladpivo and make a US$5.3 million equity investment in the company's parent, the Cyprus-registered Far East Brewing Company. It in turn is owned by US-based Endovart Holdings Inc., itself owned by ...
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