KARELSKY OKATYSH
October 1st, 2003
BY KEITH NUTHALL
RUSSIAN iron pellet producer Karelsky Okatysh is likely to receive a US$60 million loan from the European Bank for Reconstruction and Development (EBRD) to refinance short-term indebtedness and improve the standard of its machinery. The money would pay for the "maintenance, modernisation and upgrade (increased efficiency)" of existing plant, said the EBRD, and help restructure Karelsky. The northern Karelia region company is currently "divesting non-core assets."
RUSSIAN iron pellet producer Karelsky Okatysh is likely to receive a US$60 million loan from the European Bank for Reconstruction and Development (EBRD) to refinance short-term indebtedness and improve the standard of its machinery. The money would pay for the "maintenance, modernisation and upgrade (increased efficiency)" of existing plant, said the EBRD, and help restructure Karelsky. The northern Karelia region company is currently "divesting non-core assets."
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