UKRAINE: EBRD loan granted to Obolon
Obolon, the Ukraine's largest independent brewery, has received a US$10m revolving loan from the European Bank for Reconstruction and Development to supply working capital, especially for the purchase of local barley for malt.
The financing involves an innovative deal on security, with Obolon's receipts for grain stored in its warehouses serving as collateral. The brewery will use the additional barley supply to brew local, rather than licensed, brands of beer.
Obolon and the EBRD have collaborated since 1997, when the bank lent Obolon US$40m to boost its beer-production capacity. The bank hoped the latest loan would "help develop and implement the warehouse receipts system in (the) Ukraine".
Sectors: Beer & cider
- Has the politics of M&A changed? - Analysis
- Fruit-flavoured beer? Think of the kids - Comment
- Most Valuable Spirits Brands in 2017 - The facts
- Drinks industry's gender failure - Consumer Trends
- Most Valuable Beer Brands in 2017 - The facts
- Anheuser-Busch readies US executive switches
- Brexit paperwork offers alcohol smuggling opp's
- Asahi’s Peroni Ambra - NPD
- Irish whiskey hails bid to relax distillery sales
- Diageo's Captain Morgan LocoNut - NPD
- Central and East Europe Report Package
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global vodka insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends