RUSSIA EBRD
January 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending US$20 million to OAO Concern Kalina, the leading producer of cosmetics and personal care products in Russia and the former Soviet Union, to finance its acquisition of smaller Russian competitors, as well as make new capital investments. The London-based European Union bank has been a shareholder of Kalina for almost three years and said in a memorandum that it "is happy to help the expansion of a dynamic Russian group that has shown commitment to transparency, good corporate ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.