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Nov 08, 2017 17:16 EEST
BUCHAREST (Romania), November 8 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said on Wednesday Polish-based manufacturer of aluminium cans and can ends Can-Pack aims to introduce resource efficient technologies at its production site in Romania with the help of a new investment from the bank.
The EBRD has subscribed to 40 million euro ($46 million) in 325 million euro unsecured seven-year corporate bonds issued by Can-Pack in 2016, the bank said in a press release.
In 2016, EBRD subscribed to another 40 million euro in the same Can-Pack bond issue.
Can-Pack aims to introduce innovative products to the Romanian market, particularly lighter cans, and to to scale up its recycling activities in Poland. Also, it aims to demonstrate the effect of new financing methods, like such private placements, which are still rare at the Polish market.
Can-Pack is a private joint-stock company, headquartered in Krakow, Poland, which produces aluminum and steel cans and can ends, metal closures, as well as glass packaging.
Can-Pack is a parent company of Can Pack Group, which consists of companies located in 17 countries and of two foreign branches, in Finland and Romania.
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