ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, has announced that it is considering the possibility of attracting a loan from the European Bank for Reconstruction and Development (EBRD) to finance its environmental investments.
Accordingly, in October this year, the board of directors of the EBRD will consider providing the company with loan funds in the amount of €350 million, of which €200 million will comprise of EBRD funds and up to €150 million will be attracted from commercial lenders through bank sources. The borrowed funds will be used to partially finance the large-scale investment program of the company, in which over €922.2 million will be invested in the next five years.