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KIEV: The European Bank for Reconstruction and Development (EBRD) has extended a $350 million loan to Ukraine's largest steel mill, owned by ArcelorMittal, for modernisation and environmental upgrades.

The EBRD said the loan would help finance investment worth $1.1 billion at the mill, which ArcelorMittal acquired in 2015.

"It is the largest private sector investment programme in Ukraine in recent years," the bank said.

 

 

Copyright Reuters, 2017
 

 

 

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