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Fortenova sells agri unit to Podravka for 333 mln euro
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Romania
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Fortenova sells agri unit to Podravka for 333 mln euro
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EBRD mulls up to 80 mln euro loan for Romania’s BCR to back SMEs

Oct 16, 2012, 6:07:33 PMArticle by Nina Byalkova
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October 16 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Tuesday it is considering providing a senior loan for up to 80 million euro ($104.2 million) in two tranches to Banca Comerciala Romana (BCR) for on-lending by BCR to small and medium enterprises and medium corporates in Romania.

EBRD mulls up to 80 mln euro loan for Romania’s BCR to back SMEs

The proceeds of the credit line will be used by BCR to provide medium and long-term financing to private companies for production, investment, trade, services and working capital needs, the EBRD said in a notice on its website.

The proposed loan is due to be reviewed by the EBRD board on November 27.

($=0.7675 euro)

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