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EBRD to provide €40 million to Ukraine's pet food producer Kormotech for Lithuania expansion

Photo by Samantha Hare / Unsplash

The European Bank for Reconstruction and Development (EBRD) said Wednesday it will provide a €40 million financing package to Ukraine's pet food producer Kormotech to build a second pet food plant in Lithuania. 

The package is a syndicated A/B facility, the EBRD said in a press release. Of the total, €20 million will come from the Dutch-based and SDG-focused asset manager ILX Fund.

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