October 9 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Wednesday it plans to extend an 80 million euro ($108 million) long-term loan to Turkish fish farming company Kilic to support its investment programme.
The company's investment programme, which will cost up to 100 million euro, includes acquisition of new aqua licenses/ cages and support, feed mill and laboratory upgrade, processing and packaging lines, the EBRD said in a statement.
The loan will also help restructure the company's balance sheet and provide working capital.
The proposed loan is pending final review on November 12.
($ = 0.741 euro)