14th Feb 2025 21:56
Ukrproduct Group Ltd - dairy foods and beverages producer and distributor in Ukraine - Receives notice from the European Bank for Reconstruction and Development that it owes the lender a further EUR2.4 million, principally relating to loan deferral fee charges between October 24, 2016 and December 2, 2024. The increase brings Ukrproduct Group's balance as at December 2 to about EUR9.7 million inclusive of principal, interest and fees.
"The group has been in dialogue with the EBRD since 2021 to potentially restructure the loan, and accrued interest and charges, and discussions continue," company says. "At present, the EBRD has taken no action to accelerate repayment of the accumulated loan."
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By Aidan Lane, Alliance News reporter
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