The Ukrainian Metal

Ukraine: Zaporizhstal to borrow from Ukrgazbank

Zaporizhstal decided to attract $18 million from Ukrgazbank.

The decision has been taken at an extraordinary meeting of the shareholders.

The shareholders have approved of taking a loan of $18 million for 5 years with the interest rate of 7% to 9%.

The company CEO Rostislav Shurma, or an individual acting as a CEO, has been authorized to pledge the machinery valued at 1.1 billion UAH. (Ukrainian metal)

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